iA Financial Co. Inc. (TSE:IAG) Stock Has Average Price Target of C$213.50

iA Financial Co. Inc. (TSE:IAG) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$213.50.

Several research analysts have commented on IAG shares. National Bank Financial dropped their price objective on shares of iA Financial from C$216.00 to C$215.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. Desjardins boosted their price objective on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Scotiabank raised their target price on shares of 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. Finally, TD lifted their price target on shares of iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$207.18 on Wednesday. The stock has a market cap of C$18.31 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.26 and a beta of 0.81. The stock has a 50 day moving average price of C$205.70 and a 200-day moving average price of C$193.02. iA Financial has a one year low of C$145.44 and a one year high of C$223.72.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. The company had revenue of C$3.05 billion for the quarter. Sell-side analysts predict that iA Financial will post 11.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Renée Laflamme sold 12,500 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at C$2,467,109.70. This represents a 51.77% decrease in their position. Insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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