iA Financial (TSE:IAG) Cut to “Hold” at Scotiabank

Scotiabank cut shares of iA Financial (TSE:IAG) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on IAG. CIBC lifted their price objective on iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. TD Securities increased their price objective on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. 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. Cormark increased their target price on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, National Bankshares boosted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.88.

iA Financial Trading Down 0.1 %

Shares of IAG stock opened at C$130.53 on Monday. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$138.01. The company has a market cap of C$12.42 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock has a 50 day simple moving average of C$132.60 and a 200-day simple moving average of C$116.90.

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

Insider Buying and Selling at iA Financial

In other iA Financial news, Senior Officer Éric Jobin sold 1,000 shares of iA Financial stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total transaction of C$136,913.00. Also, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction that occurred 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. Insiders have sold 49,810 shares of company stock worth $6,601,270 in the last ninety days. 0.09% of the stock is owned by 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.