iA Financial Co. Inc. (TSE:IAG) Given Average Recommendation of “Moderate Buy” by Brokerages

iA Financial Co. Inc. (TSE:IAG) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$145.88.

A number of brokerages recently commented on IAG. Scotiabank upgraded iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. Cormark cut shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. BMO Capital Markets increased their price target on shares of iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. CIBC dropped their price target on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada increased their price target on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th.

Insider Activity

In other iA Financial news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. Insiders own 0.09% of the company’s stock.

iA Financial Stock Up 1.9%

iA Financial stock opened at C$150.04 on Friday. The business has a 50 day moving average price of C$144.11 and a two-hundred day moving average price of C$136.76. The stock has a market cap of C$14.08 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 12 month low of C$100.66 and a 12 month high of C$151.29.

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.