TD Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG) had its target price hoisted by equities researchers at TD from C$190.00 to C$214.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price target would indicate a potential upside of 4.07% from the stock’s current price.

IAG has been the topic of several other research reports. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. 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 research report on Friday, April 17th. Scotia lowered their target price on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Scotiabank upped their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Nine equities research analysts have rated the stock with a Hold rating, According to MarketBeat, iA Financial presently has an average rating of “Hold” and a consensus target price of C$185.84.

iA Financial Trading Up 0.2%

Shares of TSE:IAG traded up C$0.31 during trading hours on Tuesday, hitting C$205.63. 121,548 shares of the company’s stock traded hands, compared to its average volume of 337,006. iA Financial has a 1 year low of C$133.36 and a 1 year high of C$213.16. The business has a fifty day moving average price of C$185.94 and a 200-day moving average price of C$172.14. The firm has a market capitalization of C$18.36 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The firm had revenue of C$2.74 billion for the quarter. Equities analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

Insiders Place Their Bets

In other iA Financial news, insider Alain Bergeron sold 700 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total transaction of C$136,780.00. Also, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owned 4,900 shares in the company, valued at C$857,010. This trade represents a 75.38% decrease in their position. In the last ninety days, insiders sold 39,500 shares of company stock worth $7,156,765. 0.09% of the stock is currently owned by company 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