iA Financial (TSE:IAG) Given a C$181.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial set a C$181.00 price target with a "sector perform" rating (implying ~2.97% upside), while the analyst consensus is a Hold with an average target of C$179.63 (2 Buys, 6 Holds).
• Shares traded around C$175.78 (down ~0.2%), with a market cap of C$15.96B, a P/E of 15.57, and recent quarterly results showing C$3.10 EPS and C$3.23B in revenue.
• Insider buying occurred: Ric Jobin purchased 1,000 shares at C$151.82 and Director Denis Ricard bought 6,000 shares at C$152, increasing their holdings and representing insider ownership of 0.09%.

iA Financial (TSE:IAG - Get Free Report) received a C$181.00 price target from stock analysts at National Bank Financial in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price target suggests a potential upside of 2.97% from the stock's previous close.

A number of other analysts have also commented on the company. Scotiabank cut their price target on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Desjardins lifted their price target on iA Financial from C$173.00 to C$174.00 and gave the company a "hold" rating in a research note on Friday, April 17th. BMO Capital Markets cut their price target on iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce lowered iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 8th. Finally, TD Securities cut their price target on iA Financial from C$192.00 to C$189.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$179.63.

iA Financial Stock Down 0.2%

Shares of IAG stock traded down C$0.31 during mid-day trading on Friday, reaching C$175.78. 168,262 shares of the stock traded hands, compared to its average volume of 344,229. The stock's fifty day simple moving average is C$157.85 and its two-hundred day simple moving average is C$165.00. iA Financial has a 1-year low of C$129.24 and a 1-year high of C$182.99. The company has a market cap of C$15.96 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86.

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

Insider Transactions at iA Financial

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

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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