iA Financial (TSE:IAG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

iA Financial (TSE:IAG) had its price target hoisted by Royal Bank Of Canada from C$167.00 to C$213.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 0.18% from the company’s current price.

A number of other analysts have also weighed in on IAG. TD raised their target price on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research note on Wednesday. National Bank Financial boosted their target price on shares of iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Scotiabank upped their price objective 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. Scotia lowered their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Finally, TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, iA Financial presently has an average rating of “Hold” and a consensus target price of C$213.61.

iA Financial Price Performance

Shares of iA Financial stock traded up C$0.43 during midday trading on Thursday, hitting C$213.38. 238,746 shares of the company were exchanged, compared to its average volume of 340,104. The firm has a market cap of C$19.05 billion, a P/E ratio of 19.76, a PEG ratio of 1.26 and a beta of 0.92. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The firm has a 50 day simple moving average of C$194.37 and a 200-day simple moving average of C$174.48. iA Financial has a 52 week low of C$140.34 and a 52 week 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 EPS for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity at iA Financial

In related news, insider Renée Laflamme sold 12,500 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,245,272.45. This trade represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 700 shares of iA Financial stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total value of C$136,780.00. Insiders sold a total of 39,500 shares of company stock worth $7,156,765 in the last quarter. Corporate 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