iA Financial Co. Inc. (TSE:IAG) Receives C$177.78 Consensus Target Price from Analysts

iA Financial Co. Inc. (TSE:IAG) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$177.78.

Several analysts have commented on IAG shares. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. National Bank Financial dropped their target price on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Scotia dropped their target price 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. Scotiabank dropped their target price on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Finally, TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th.

iA Financial Stock Performance

iA Financial stock opened at C$171.02 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. iA Financial has a 1 year low of C$133.36 and a 1 year high of C$182.99. The company has a market cap of C$15.27 billion, a PE ratio of 15.84, a PEG ratio of 1.26 and a beta of 0.92. The company’s 50-day moving average is C$165.65 and its two-hundred day moving average is C$166.67.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The company had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. Equities analysts anticipate 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 Renée Laflamme sold 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the sale, the insider directly owned 11,645 shares in the company, valued at C$2,026,695.80. This trade represents a 46.20% decrease in their position. 0.09% of the stock is owned by corporate insiders.

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