iA Financial (TSE:IAG) Given New C$175.00 Price Target at BMO Capital Markets

iA Financial (TSE:IAG) had its price objective hoisted by stock analysts at BMO Capital Markets from C$170.00 to C$175.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 8.41% from the company’s current price.

IAG has been the topic of a number of other reports. CIBC boosted their target price on shares of iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a report on Monday. Desjardins boosted their target price on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Scotiabank raised shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. National Bankshares lifted their price target on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Finally, TD Securities lifted their price target on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$165.43.

iA Financial Price Performance

Shares of iA Financial stock traded down C$1.43 during trading hours on Thursday, reaching C$161.42. The company’s stock had a trading volume of 213,775 shares, compared to its average volume of 271,140. The firm has a 50 day moving average price of C$157.23 and a 200-day moving average price of C$146.99. iA Financial has a one year low of C$115.21 and a one year high of C$175.21. The stock has a market cap of C$14.98 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.26 and a beta of 0.87.

Insider Buying and Selling at iA Financial

In other news, insider Pierre Miron sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the completion of the transaction, the insider owned 4,900 shares in the company, valued at approximately C$737,930.20. This represents a 80.32% decrease in their position. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. 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.