Brokerages Set iA Financial Co. Inc. (TSE:IAG) Target Price at C$177.78

iA Financial Co. Inc. (TSE:IAG) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$177.78.

IAG has been the topic of a number of research analyst reports. 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 research report on Wednesday, May 6th. 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 target price on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. TD cut iA Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Finally, Desjardins lifted their target price on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a report on Friday, April 17th.

iA Financial Stock Down 0.6%

Shares of TSE IAG opened at C$188.21 on Thursday. The company has a market capitalization of C$16.80 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. iA Financial has a 52-week low of C$133.36 and a 52-week high of C$192.87. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The company’s 50 day moving average price is C$174.14 and its 200-day moving average price is C$168.39.

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. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. The company had revenue of C$2.74 billion during the quarter. Equities analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In other news, insider Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction 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 completion of the sale, the insider owned 11,645 shares in the company, valued at C$2,026,695.80. The trade was a 46.20% decrease in their position. Also, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction 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 transaction, the insider owned 4,900 shares in the company, valued at C$857,010. The trade was a 75.38% decrease in their position. Insiders sold 26,300 shares of company stock worth $4,609,860 in the last quarter. 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