iA Financial (TSE:IAG) Price Target Lowered to C$174.00 at Scotiabank

iA Financial (TSE:IAG) had its price objective reduced by Scotiabank from C$188.00 to C$174.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 15.89% from the company’s current price.

A number of other equities analysts have also issued reports on IAG. TD Securities reduced their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets increased their price objective on iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Royal Bank Of Canada set a C$167.00 target price on iA Financial and gave the stock a “sector perform” rating in a report on Monday, January 19th. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, National Bank Financial dropped their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$176.14.

iA Financial Stock Down 0.8%

Shares of TSE IAG traded down C$1.20 during trading hours on Thursday, hitting C$150.14. 454,526 shares of the stock were exchanged, compared to its average volume of 331,561. iA Financial has a 12 month low of C$115.21 and a 12 month high of C$182.99. The firm has a fifty day moving average price of C$173.68 and a 200-day moving average price of C$162.95. The company has a market cap of C$13.83 billion, a PE ratio of 12.90, a PEG ratio of 1.26 and a beta of 1.02.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. The business had revenue of C$3.23 billion for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. As a group, equities analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of the stock in a transaction dated 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 sale, 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 position. 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.