iA Financial (TSE:IAG) Stock Price Expected to Rise, TD Securities Analyst Says

iA Financial (TSE:IAG) had its target price lifted by investment analysts at TD Securities from C$143.00 to C$146.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 12.96% from the company’s current price.

Several other research firms have also issued reports on IAG. National Bankshares increased their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. CIBC upped their target price on shares of iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. Scotiabank downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$140.63.

iA Financial Price Performance

IAG stock opened at C$129.25 on Wednesday. The company has a market capitalization of C$12.13 billion, a P/E ratio of 12.31, a PEG ratio of 1.26 and a beta of 1.13. The business has a 50-day moving average price of C$131.75 and a 200 day moving average price of C$120.05. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$141.88.

Insider Activity at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total transaction of C$368,500.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately C$67,000. This trade represents a 84.62 % decrease in their ownership of the stock. Insiders have sold a total of 11,010 shares of company stock worth $1,489,142 in the last three months. Insiders own 0.09% of the company’s stock.

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.