iA Financial (TSE:IAG) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins has increased its price target for iA Financial from C$147.00 to C$149.00, indicating a potential upside of 5.23% based on the company's previous close.
• Multiple analysts have varying ratings for iA Financial, with the consensus rating being a "Moderate Buy" and an average target price of C$145.88.
• Insider selling has occurred recently, with significant shares sold by senior officers, totaling $6.15 million in the last quarter.

iA Financial (TSE:IAG - Get Free Report) had its price target increased by Desjardins from C$147.00 to C$149.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Desjardins' price objective would indicate a potential upside of 5.23% from the company's previous close.

IAG has been the topic of a number of other reports. CIBC lowered 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 report on Thursday, May 1st. Scotiabank upgraded iA Financial to a "strong-buy" rating in a research report on Thursday, July 31st. TD Securities raised their target price on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. BMO Capital Markets upped their price target on iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. Finally, National Bankshares increased their target price on iA Financial from C$141.00 to C$146.00 and gave the company a "sector perform" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$145.88.

iA Financial Trading Down 0.4%

IAG stock traded down C$0.54 during trading hours on Thursday, hitting C$141.60. 211,909 shares of the stock were exchanged, compared to its average volume of 251,319. The company has a 50-day simple moving average of C$142.88 and a two-hundred day simple moving average of C$135.75. The firm has a market capitalization of C$13.29 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a 12 month low of C$92.83 and a 12 month high of C$151.29.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Éric Jobin sold 1,500 shares of iA Financial stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$142.89, for a total value of C$214,341.00. Also, Director Denis Ricard sold 8,000 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$143.00, for a total transaction of C$1,144,000.00. Insiders sold a total of 44,000 shares of company stock valued at $6,151,244 in the last quarter. Corporate 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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