CIBC Increases iA Financial (TSE:IAG) Price Target to C$144.00

iA Financial (TSE:IAG) had its price objective lifted by CIBC from C$143.00 to C$144.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 7.29% from the stock’s current price.

A number of other research firms have also recently issued reports on IAG. TD Securities increased their target price on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cormark lifted their price target on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, Scotiabank upped their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, iA Financial has an average rating of “Moderate Buy” and a consensus target price of C$129.88.

iA Financial Trading Down 1.2 %

IAG opened at C$134.21 on Thursday. The firm’s fifty day moving average is C$132.68 and its two-hundred day moving average is C$115.95. The firm has a market cap of C$12.77 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, November 5th. The company reported C$2.93 earnings per share for the quarter, topping the consensus estimate of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. Equities research analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Insiders sold a total of 58,010 shares of company stock worth $7,675,070 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.