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

Key Points

• Analysts' consensus: "Hold" — Seven brokerages cover iA Financial (six holds, one buy), with an average 1‑year target of C$176.14 and several firms (BMO, National Bank, TD, CIBC) recently trimming targets or ratings.
• Insider purchases — Director Denis Ricard bought 6,000 shares at C$152 (C$912,000) increasing his stake by 12%, and Ric Jobin bought 1,000 shares at C$151.82; insiders collectively own about 0.09% of the stock.
• Recent performance and valuation — TSE:IAG opened at C$157.39 with a 52‑week range of C$115.21–C$182.99, market cap ~C$14.44B and P/E of 13.94; last quarter EPS was C$3.10 on C$3.23B revenue.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been given a consensus recommendation of "Hold" by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$176.14.

Several research analysts have recently weighed in on the company. BMO Capital Markets reduced their target price on iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Royal Bank Of Canada set a C$167.00 price target on shares of iA Financial and gave the company a "sector perform" rating in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce lowered shares of iA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 8th. National Bank Financial reduced their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 18th. Finally, TD Securities decreased their price objective on shares of iA Financial from C$192.00 to C$189.00 and set a "buy" rating on the stock in a report on Wednesday, February 18th.

Insider Activity

In related news, Director Denis Ricard purchased 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the purchase, the director owned 56,000 shares of the company's stock, valued at C$8,512,000. This represents a 12.00% increase in their position. Also, insider Ï¿½Ric Jobin acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of C$151.82 per share, for a total transaction of C$151,820.00. Following the completion of the acquisition, the insider owned 1,941 shares in the company, valued at C$294,682.62. The trade was a 106.27% increase in their position. 0.09% of the stock is owned by corporate insiders.

iA Financial Price Performance

TSE:IAG opened at C$157.39 on Friday. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99. The stock's 50-day moving average price is C$157.87 and its 200-day moving average price is C$163.71. The stock has a market capitalization of C$14.44 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99.

iA Financial (TSE:IAG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%.The company had revenue of C$3.23 billion for the quarter. Sell-side analysts expect that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

About iA Financial

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.

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