iA Financial (TSE:IAG) Rating Lowered to “Hold” at Cibc Captl Mkts

iA Financial (TSE:IAG) was downgraded by analysts at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on IAG. Royal Bank Of Canada raised their price objective on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. National Bankshares increased their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. CIBC upgraded shares of iA Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$175.00 to C$184.00 in a report on Thursday. Desjardins upped their price objective on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, TD Securities lifted their target price on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, iA Financial has an average rating of “Moderate Buy” and a consensus price target of C$167.00.

iA Financial Stock Performance

IAG stock opened at C$179.67 on Thursday. The business has a 50-day simple moving average of C$170.90 and a two-hundred day simple moving average of C$157.69. The company has a market capitalization of C$16.56 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.11.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 EPS for the quarter. The firm had revenue of C$6.67 billion during the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. As a group, sell-side analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. In the last ninety days, insiders sold 6,750 shares of company stock worth $1,141,931. 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.