iA Financial Co. Inc. (TSE:IAG) Receives C$129.88 Consensus Price Target from Brokerages

iA Financial Co. Inc. (TSE:IAG) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$129.88.

IAG has been the subject of several research reports. Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. BMO Capital Markets raised their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, National Bankshares boosted their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th.

iA Financial Trading Down 0.1 %

TSE IAG opened at C$130.53 on Monday. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$138.01. The stock’s 50 day moving average price is C$132.60 and its two-hundred day moving average price is C$116.90. The stock has a market capitalization 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 quick ratio of 0.17 and a current ratio of 2.22.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, November 5th. The company reported C$2.93 earnings per share 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%. As a group, analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 2,800 shares of iA Financial stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$131.00, for a total value of C$366,800.00. Also, Senior Officer Éric Jobin sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total transaction of C$136,913.00. Insiders sold 49,810 shares of company stock valued at $6,601,270 in the last three months. Corporate insiders own 0.09% of the company’s stock.

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.