iA Financial (TSE:IAG) Upgraded at Scotiabank

Scotiabank upgraded shares of iA Financial (TSE:IAG) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. CIBC dropped their price target on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets increased their price objective on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. TD Securities increased their price objective on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada set a C$141.00 target price on iA Financial and gave the stock a “sector perform” rating in a research report on Tuesday, April 15th. Finally, Cormark downgraded iA Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$141.00.

iA Financial Stock Down 0.2%

TSE:IAG opened at C$135.34 on Thursday. The business’s 50 day moving average is C$143.07 and its two-hundred day moving average is C$135.63. iA Financial has a 52 week low of C$86.92 and a 52 week high of C$151.29. The company has a market cap of C$12.70 billion, a PE ratio of 12.89, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In other iA Financial news, Senior Officer Renée Laflamme sold 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Also, Senior Officer Éric Jobin sold 1,500 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$142.89, for a total transaction of C$214,341.00. Over the last 90 days, insiders have sold 44,000 shares of company stock worth $6,151,244. Company insiders own 0.09% of the company’s stock.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.