iA Financial (TSE:IAG) Stock Rating Lowered by Scotiabank

iA Financial (TSE:IAG) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. National Bankshares lifted their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. CIBC boosted their price objective on iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. TD Securities boosted their price objective on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$129.88.

iA Financial Trading Up 0.2 %

TSE IAG opened at C$130.62 on Monday. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$138.01. The firm has a market capitalization of C$12.43 billion, a P/E ratio of 17.49, a PEG ratio of 1.26 and a beta of 1.13. The business has a fifty day simple moving average of C$132.64 and a 200 day simple moving average of C$116.59. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, November 5th. The company reported C$2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity at iA Financial

In related news, Senior Officer Pierre Miron sold 15,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78. Insiders sold a total of 58,010 shares of company stock worth $7,675,070 over the last quarter. 0.09% of the stock is owned by corporate insiders.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.