iA Financial (TSE:IAG) Price Target Lowered to C$179.00 at National Bank Financial

iA Financial (TSE:IAG) had its price target decreased by National Bank Financial from C$181.00 to C$179.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets dropped their target price on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Canadian Imperial Bank of Commerce cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Scotiabank decreased their price target on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. TD lowered iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$193.00 to C$190.00 in a report on Wednesday. Finally, Desjardins raised their target price on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, iA Financial currently has a consensus rating of “Hold” and a consensus price target of C$179.44.

iA Financial Stock Down 9.5%

Shares of TSE:IAG opened at C$159.21 on Wednesday. iA Financial has a fifty-two week low of C$129.24 and a fifty-two week high of C$182.99. The firm’s 50-day simple moving average is C$159.67 and its 200-day simple moving average is C$165.75. The company has a market cap of C$14.46 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. On average, research analysts forecast that iA Financial will post 11.6187564 EPS for the current year.

Insider Transactions at iA Financial

In other news, insider Ï¿½Ric Jobin purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of C$151.82 per share, for a total transaction of C$151,820.00. Following the acquisition, the insider directly 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 acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the purchase, the director directly owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

About iA Financial

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