iA Financial (TSE:IAG) Posts Earnings Results

iA Financial (TSE:IAG) released its quarterly earnings data on Monday. The company reported C$4.03 earnings per share for the quarter, FiscalAI reports. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. The firm had revenue of C$3.06 billion during the quarter.

iA Financial Trading Up 1.4%

IAG traded up C$2.89 during midday trading on Monday, reaching C$213.61. The company’s stock had a trading volume of 469,762 shares, compared to its average volume of 325,993. The firm has a market capitalization of C$18.88 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.26 and a beta of 0.74. iA Financial has a 1 year low of C$145.44 and a 1 year high of C$223.72. The stock’s 50-day moving average is C$208.75 and its 200-day moving average is C$185.31.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of recent analyst reports. Scotia lifted their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Scotiabank boosted their target price on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. BMO Capital Markets upped their target price on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. National Bank Financial dropped their price target on 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. Finally, Royal Bank Of Canada raised their price target on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$213.50.

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