Analysts Set iA Financial Co. Inc. (TSE:IAG) Price Target at C$175.86

Shares of iA Financial Co. Inc. (TSE:IAG) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$175.86.

IAG has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. TD Securities upped their price objective on iA Financial from C$178.00 to C$192.00 in a report on Wednesday, January 14th. Scotiabank increased their target price on iA Financial from C$179.00 to C$188.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. BMO Capital Markets boosted their price target on shares of iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th.

iA Financial Stock Performance

Shares of TSE:IAG opened at C$168.02 on Friday. The firm has a market cap of C$15.48 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.26 and a beta of 1.02. The firm has a fifty day moving average price of C$174.02 and a 200 day moving average price of C$162.56. iA Financial has a fifty-two week low of C$115.21 and a fifty-two week high of C$182.99.

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

Insider Activity at iA Financial

In related news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. 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.