iA Financial Co. Inc. (TSE:IAG) Receives C$176.14 Average Price Target from Brokerages

iA Financial Co. Inc. (TSE:IAG) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$176.14.

IAG has been the subject of a number of research analyst reports. National Bank Financial decreased their target price on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. TD Securities decreased their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Scotiabank decreased their target price on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. BMO Capital Markets decreased their target price on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th.

iA Financial Stock Up 0.8%

Shares of TSE IAG opened at C$158.66 on Friday. The business has a fifty day simple moving average of C$157.68 and a two-hundred day simple moving average of C$163.88. The firm has a market cap of C$14.41 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. The business had revenue of C$3.23 billion during the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. On average, research analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling at iA Financial

In related news, insider Ï¿½Ric Jobin purchased 1,000 shares of iA Financial stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of C$151.82 per share, with a total value of C$151,820.00. Following the transaction, the insider owned 1,941 shares in the company, valued at approximately C$294,682.62. The trade was a 106.27% increase in their position. Also, Director Denis Ricard purchased 6,000 shares of iA Financial stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the transaction, the director owned 56,000 shares in the company, valued at approximately C$8,512,000. This represents a 12.00% increase in their position. 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.