iA Financial (TSE:IAG – Get Free Report) had its target price increased by stock analysts at TD Securities from C$146.00 to C$147.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 11.37% from the company’s current price.
A number of other research firms have also weighed in on IAG. Royal Bank of Canada upped their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. National Bankshares upped their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$140.75.
Read Our Latest Report on iA Financial
iA Financial Trading Up 1.8 %
Insiders Place Their Bets
In other news, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total transaction of C$368,525.85. Insiders have sold 11,010 shares of company stock worth $1,489,167 in the last three months. 0.09% of the stock is currently owned by corporate insiders.
iA Financial Company Profile
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.
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