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

Key Points

• National Bankshares has raised its price target for iA Financial (TSE:IAG) from C$141.00 to C$146.00, indicating a potential upside of 5.17% from the current price.
• The stock is currently rated as a "Moderate Buy"** by analysts, with diverse ratings across various firms, including five hold ratings and three buy ratings.
• In recent insider activity, significant shares were sold by senior officers, totaling over C$6 million, while insiders hold just 0.09% of iA Financial's stock.

iA Financial (TSE:IAG - Get Free Report) had its price target lifted by research analysts at National Bankshares from C$141.00 to C$146.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price would indicate a potential upside of 5.17% from the company's current price.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada set a C$141.00 price target on iA Financial and gave the stock a "sector perform" rating in a report on Tuesday, April 15th. BMO Capital Markets lifted their price target on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. TD Securities upped their target price on iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Scotiabank raised iA Financial to a "strong-buy" rating in a research report on Thursday, July 31st. Finally, CIBC decreased their target price on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, iA Financial has a consensus rating of "Moderate Buy" and a consensus price target of C$144.13.

iA Financial Stock Up 0.3%

iA Financial stock traded up C$0.37 during trading hours on Wednesday, hitting C$138.82. The stock had a trading volume of 268,640 shares, compared to its average volume of 249,861. The company has a market cap of C$13.02 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$90.66 and a fifty-two week high of C$151.29. The company has a 50-day moving average of C$142.90 and a two-hundred day moving average of C$135.71.

Insider Activity at iA Financial

In related news, Senior Officer Éric Jobin sold 1,500 shares of iA Financial stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$142.89, for a total value of C$214,341.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Over the last quarter, insiders sold 44,000 shares of company stock worth $6,151,244. 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.

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