iA Financial (TSE:IAG) Given a C$167.00 Price Target at Royal Bank Of Canada

iA Financial (TSE:IAG) has been given a C$167.00 price target by analysts at Royal Bank Of Canada in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 4.27% from the company’s previous close.

Several other research analysts also recently issued reports on IAG. BMO Capital Markets lifted their price objective on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. TD Securities boosted their price target on iA Financial from C$178.00 to C$192.00 in a report on Wednesday, January 14th. Desjardins upped their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Cibc Captl Mkts lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, National Bankshares boosted their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$169.00.

iA Financial Stock Performance

TSE IAG traded up C$0.11 during trading hours on Monday, reaching C$174.45. The company’s stock had a trading volume of 69,904 shares, compared to its average volume of 233,167. The company’s 50-day moving average is C$172.27 and its two-hundred day moving average is C$158.94. iA Financial has a fifty-two week low of C$115.21 and a fifty-two week high of C$182.99. The stock has a market cap of C$16.07 billion, a PE ratio of 14.99, a PEG ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, November 4th. The company reported C$3.47 earnings per share (EPS) for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$6.67 billion during the quarter. Equities analysts expect that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Transactions at iA Financial

In other news, insider Philippe Sarfati sold 2,318 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total transaction of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their position. In the last three months, insiders have sold 6,750 shares of company stock valued at $1,141,931. 0.09% of the stock is owned by company insiders.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.