iA Financial (TSE:IAG) Price Target Raised to C$178.00

iA Financial (TSE:IAG) had its target price raised by TD Securities from C$175.00 to C$178.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on IAG. Desjardins boosted their target price on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Scotiabank raised shares of iA Financial to a “strong-buy” rating in a research report on Thursday, July 31st. National Bankshares upped their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Royal Bank Of Canada raised their target price on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Cormark downgraded iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$165.43.

iA Financial Stock Down 0.5%

TSE IAG opened at C$161.33 on Wednesday. iA Financial has a fifty-two week low of C$115.21 and a fifty-two week high of C$175.21. The business has a fifty day moving average of C$157.75 and a 200-day moving average of C$147.35. The stock has a market cap of C$14.87 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87.

Insider Activity at iA Financial

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

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.