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

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$139.75.

Several analysts recently issued reports on IAG shares. Desjardins increased their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. 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 increased 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. 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. Finally, BMO Capital Markets increased their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th.

Insider Buying and Selling at iA Financial

In related news, Senior Officer Pierre Miron sold 15,000 shares of the company's stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total value of C$2,104,389.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$136.40, for a total value of C$375,100.00. In the last quarter, insiders sold 49,500 shares of company stock worth $6,903,067. Insiders own 0.09% of the company's stock.

iA Financial Price Performance

TSE IAG opened at C$142.32 on Friday. The firm has a market cap of C$13.35 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$84.29 and a one year high of C$144.91. The stock's 50 day simple moving average is C$133.62 and its 200 day simple moving average is C$132.60.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.

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