National Bank Financial Lowers iA Financial (TSE:IAG) Price Target to C$181.00

iA Financial (TSE:IAG) had its price objective reduced by research analysts at National Bank Financial from C$190.00 to C$181.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 21.13% from the stock’s previous close.

IAG has been the subject of a number of other reports. Canadian Imperial Bank of Commerce downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Scotiabank boosted their price target on shares of iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. BMO Capital Markets increased their price objective on shares of iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. TD Securities lifted their target price on shares of iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada set a C$167.00 price target on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, iA Financial has an average rating of “Hold” and a consensus target price of C$178.14.

iA Financial Stock Down 12.1%

TSE IAG traded down C$20.63 on Wednesday, hitting C$149.43. The company’s stock had a trading volume of 882,276 shares, compared to its average volume of 314,609. The company’s 50-day moving average is C$174.07 and its 200 day moving average is C$163.03. The firm has a market cap of C$13.77 billion, a PE ratio of 12.84, a PEG ratio of 1.26 and a beta of 1.02. iA Financial has a 1-year low of C$115.21 and a 1-year high of C$182.99.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. The company had revenue of C$3.23 billion for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. On average, equities analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at C$8,762,500. This represents a 5.66% decrease in their position. Corporate insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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.