iA Financial (TSE:IAG) Price Target Raised to C$162.00

iA Financial (TSE:IAG) had its price objective boosted by National Bankshares from C$146.00 to C$162.00 in a report published on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts have also issued reports on IAG. Scotiabank raised iA Financial to a “strong-buy” rating in a report on Thursday, July 31st. TD Securities increased their price objective on iA Financial from C$158.00 to C$175.00 in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Desjardins increased their price objective on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Cormark lowered iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$153.13.

iA Financial Stock Performance

iA Financial stock opened at C$158.81 on Monday. The company has a 50-day simple moving average of C$154.08 and a 200-day simple moving average of C$143.92. The firm has a market capitalization of C$14.74 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.26 and a beta of 0.89. iA Financial has a one year low of C$112.23 and a one year high of C$162.94.

Insiders Place Their Bets

In other iA Financial news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the transaction, the insider directly owned 4,900 shares of the company’s stock, valued at approximately C$737,930.20. The trade was a 80.32% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

About iA Financial

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.