iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• iA Financial Co. Inc. has received an average recommendation of "Moderate Buy" from nine brokerages, with a 12-month price target set at C$141.00.
• Analysts from TD Securities raised their price target to C$147.00 and assigned a "buy" rating, while others like CIBC and Scotiabank adjusted their targets downward.
• Insider transactions revealed significant share sales, including 44,000 shares sold worth over C$6 million by company insiders within the last three months.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$141.00.

A number of brokerages have recently weighed in on IAG. Scotiabank reduced their price target on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada set a C$141.00 price target on shares of iA Financial and gave the stock a "sector perform" rating in a research report on Tuesday, April 15th. TD Securities lifted their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. BMO Capital Markets lifted their price target on shares of iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. Finally, CIBC reduced their price target on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 8,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$143.00, for a total transaction of C$1,144,000.00. Also, Senior Officer Éric Jobin sold 1,500 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$142.89, for a total transaction of C$214,341.00. Over the last 90 days, insiders sold 44,000 shares of company stock valued at $6,151,244. Corporate insiders own 0.09% of the company's stock.

iA Financial Stock Performance

IAG traded down C$0.14 during trading on Monday, reaching C$136.18. 97,480 shares of the company's stock were exchanged, compared to its average volume of 247,085. The company's fifty day moving average price is C$143.23 and its 200-day moving average price is C$135.48. iA Financial has a fifty-two week low of C$86.92 and a fifty-two week high of C$151.29. The firm has a market capitalization of C$12.78 billion, a PE ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.