iA Financial (TSE:IAG) Price Target Raised to C$225.00

iA Financial (TSE:IAG) had its price objective upped by BMO Capital Markets from C$215.00 to C$225.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

iA Financial Stock Up 0.0%

Shares of IAG stock opened at C$212.77 on Thursday. The company has a 50 day moving average price of C$196.02 and a 200-day moving average price of C$175.02. iA Financial has a 52 week low of C$140.34 and a 52 week high of C$223.72. The firm has a market capitalization of C$18.99 billion, a PE ratio of 19.70, a P/E/G ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The company had revenue of C$3.05 billion for the quarter. Analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity at iA Financial

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the company’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 directly owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This represents a 75.38% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total transaction of C$136,780.00. Over the last ninety days, insiders sold 52,000 shares of company stock worth $9,805,015. 0.09% of the stock is owned by company insiders.

Key iA Financial News

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

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