iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of “Hold” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$177.78.

Several brokerages have recently issued reports on IAG. Scotia decreased their target price on 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. National Bank Financial cut their price target on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Desjardins increased their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. TD downgraded shares of iA Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Finally, TD Securities lowered 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

Shares of IAG opened at C$204.51 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The company has a market capitalization of C$18.26 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.26 and a beta of 0.91. The stock has a 50 day moving average of C$181.32 and a 200 day moving average of C$170.94. iA Financial has a 12 month low of C$133.36 and a 12 month high of C$206.67.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The business had revenue of C$2.74 billion for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. As a group, sell-side analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In other news, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider owned 4,900 shares in the company, valued at C$857,010. This trade represents a 75.38% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. Insiders sold 39,500 shares of company stock valued at $7,156,765 in the last three months. Company 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