iA Financial (TSE:IAG) Price Target Raised to C$220.00

iA Financial (TSE:IAG) had its price objective increased by Desjardins from C$205.00 to C$220.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

IAG has been the topic of several other research reports. TD raised their price objective on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday. National Bank Financial upped their target price on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a report on Wednesday. BMO Capital Markets increased their target price on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday. Canadian Imperial Bank of Commerce lifted their price target on iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Finally, Scotiabank boosted their price target on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$213.61.

iA Financial Price Performance

Shares of iA Financial stock opened at C$212.77 on Thursday. The company’s 50 day moving average price is C$196.02 and its two-hundred day moving average price is C$175.02. The firm has a market capitalization of C$18.99 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.26 and a beta of 0.92. iA Financial has a fifty-two week low of C$140.34 and a fifty-two week high of C$223.72.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. On average, analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In related news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the sale, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00. Over the last 90 days, insiders sold 52,000 shares of company stock valued at $9,805,015. Insiders own 0.09% of the company’s stock.

Trending Headlines about iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc