iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of "Hold" from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$213.61.

Several equities analysts recently issued reports on the stock. Scotia boosted their target price on shares of iA Financial from C$198.52 to C$223.00 and gave the company a "sector perform" rating in a report on Thursday. Scotiabank lifted their price objective on iA Financial from C$168.00 to C$198.52 and gave the stock a "sector perform" rating in a research report on Wednesday, July 15th. Desjardins boosted their price objective on iA Financial from C$205.00 to C$220.00 and gave the company a "hold" rating in a research note on Thursday. Canadian Imperial Bank of Commerce upped their target price on iA Financial from C$208.00 to C$220.00 in a research report on Thursday. Finally, BMO Capital Markets raised their target price on iA Financial from C$215.00 to C$225.00 and gave the stock an "outperform" rating in a research note on Thursday.

Key Headlines Impacting iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and kept an “outperform” rating, implying approximately 5.4% upside. BayStreet.CA analyst ratings
• Positive Sentiment: Scotia increased its target from C$198.52 to C$223, representing roughly 4.5% upside, while retaining a “sector perform” rating. Ticker Report analyst update
• Positive Sentiment: Desjardins lifted its target from C$205 to C$220, with a “hold” rating and approximately 3.1% upside. BayStreet.CA analyst ratings
• Positive Sentiment: CIBC raised its target from C$208 to C$220, also indicating about 3.1% upside. BayStreet.CA analyst ratings
• Positive Sentiment: TD increased its target from C$214 to C$218, while National Bank Financial raised its target from C$205 to C$216. Both retained “hold” or “sector perform” recommendations. BayStreet.CA analyst ratings
• Neutral Sentiment: RBC raised its target substantially, from C$167 to C$213, but its “sector perform” rating leaves essentially no material upside at the current valuation. BayStreet.CA analyst ratings

iA Financial Stock Performance

Shares of IAG stock opened at C$212.74 on Friday. The business's 50 day simple moving average is C$195.21 and its 200 day simple moving average is C$174.75. iA Financial has a one year low of C$140.34 and a one year high of C$223.72. The stock has a market capitalization of C$18.99 billion, a PE ratio of 19.70, a PEG ratio of 1.26 and a beta of 0.92. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17.

iA Financial (TSE:IAG - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. As a group, research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insiders Place Their Bets

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the transaction, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. This represents a 75.38% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. In the last three months, insiders have sold 39,500 shares of company stock worth $7,156,765. Corporate insiders own 0.09% of the company's stock.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc

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