iA Financial (TSE:IAG) Given New C$162.00 Price Target at National Bankshares

Key Points

• iA Financial had its target price raised from C$146.00 to C$162.00 by National Bankshares, indicating a potential upside of 3.26% from its previous close.
• Desjardins and TD Securities also increased their price targets for iA Financial, with Desjardins setting it at C$163.00 and TD Securities at C$175.00, reflecting overall positive sentiment from analysts.
• Insider trading activity includes significant sales by insiders, with one selling 20,000 shares for over C$3 million, representing an 80.32% decrease in their holdings.

iA Financial (TSE:IAG - Get Free Report) had its target price hoisted by equities researchers at National Bankshares from C$146.00 to C$162.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price target indicates a potential upside of 3.26% from the stock's previous close.

A number of other research analysts have also issued reports on IAG. Desjardins increased their target price on iA Financial from C$149.00 to C$163.00 and gave the company a "hold" rating in a research report on Wednesday, October 15th. BMO Capital Markets increased their target price on iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. TD Securities increased their target price on iA Financial from C$158.00 to C$175.00 in a research report on Wednesday, October 8th. Cormark lowered iA Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on iA Financial from C$142.00 to C$151.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, iA Financial presently has an average rating of "Moderate Buy" and a consensus target price of C$153.13.

iA Financial Stock Performance

Shares of TSE:IAG traded up C$0.84 during midday trading on Monday, reaching C$156.88. 69,045 shares of the company's stock traded hands, compared to its average volume of 274,058. iA Financial has a 1 year low of C$112.23 and a 1 year high of C$162.94. The company has a market cap of C$14.56 billion, a P/E ratio of 14.65, a PEG ratio of 1.26 and a beta of 0.89. The company has a fifty day simple moving average of C$153.29 and a two-hundred day simple moving average of C$143.47.

Insider Activity

In other news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the completion of the sale, the insider owned 4,900 shares of the company's stock, valued at approximately C$737,930.20. This represents a 80.32% decrease in their position. Company insiders own 0.09% of the company's stock.

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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