iA Financial (TSE:IAG) Price Target Raised to C$163.00

Key Points

• iA Financial had its price target raised by Desjardins from C$149.00 to C$163.00, indicating a potential upside of 2.23% based on the stock's previous close.
• The stock has received **multiple ratings upgrades**, with notable increases from other firms including Royal Bank of Canada and TD Securities, suggesting a solid market interest in iA Financial.
• **Recent insider trading** activities included significant sales by insiders, which could signal changes in investor confidence or strategy within the firm.

iA Financial (TSE:IAG - Get Free Report) had its price target increased by investment analysts at Desjardins from C$149.00 to C$163.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' price objective points to a potential upside of 2.23% from the stock's previous close.

Several other research firms have also recently issued reports on IAG. Royal Bank Of Canada raised their target price on iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. National Bankshares raised their target price on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. Scotiabank raised iA Financial to a "strong-buy" rating in a research note on Thursday, July 31st. BMO Capital Markets raised their price objective on shares of iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. Finally, TD Securities raised their price objective on shares of iA Financial from C$158.00 to C$175.00 in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$151.13.

iA Financial Trading Up 0.4%

Shares of TSE:IAG traded up C$0.62 on Wednesday, reaching C$159.45. 102,556 shares of the company traded hands, compared to its average volume of 275,011. The business's 50-day simple moving average is C$152.35 and its 200 day simple moving average is C$143.00. iA Financial has a 52 week low of C$112.23 and a 52 week high of C$162.94. The stock has a market capitalization of C$14.80 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89.

Insider Activity at iA Financial

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