Desjardins Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

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 - Free Report) had its price objective upped by Desjardins from C$147.00 to C$149.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the stock. Desjardins also issued estimates for iA Financial's FY2025 earnings at $12.95 EPS and FY2026 earnings at $13.65 EPS.

IAG has been the subject of a number of other research reports. Royal Bank Of Canada set a C$141.00 price objective on iA Financial and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. National Bankshares lifted 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 note on Wednesday, August 6th. CIBC decreased their price target on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Cormark downgraded iA Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets boosted their price objective on iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, iA Financial presently has a consensus rating of "Moderate Buy" and an average price target of C$145.88.

iA Financial Trading Up 1.4%

TSE IAG traded up C$2.00 during mid-day trading on Thursday, reaching C$143.27. 249,182 shares of the company's stock traded hands, compared to its average volume of 252,754. iA Financial has a 1-year low of C$97.00 and a 1-year high of C$151.29. The company has a fifty day simple moving average of C$143.00 and a 200-day simple moving average of C$136.03. The company has a market cap of C$13.44 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In related news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. Also, Director Denis Ricard sold 8,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$143.00, for a total value of C$1,144,000.00. In the last ninety days, insiders have sold 34,000 shares of company stock worth $4,787,980. Company insiders own 0.09% of the company's stock.

iA Financial Company Profile

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.