Brokerages Set iA Financial Co. Inc. (TSE:IAG) Price Target at C$149.38

Shares of iA Financial Co. Inc. (TSE:IAG) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$149.38.

IAG has been the subject of a number of recent analyst reports. Scotiabank upgraded iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. National Bankshares increased their price target on iA Financial from C$141.00 to C$146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Cormark downgraded 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 iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. Finally, Royal Bank Of Canada increased their price target on iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th.

iA Financial Price Performance

Shares of TSE:IAG opened at C$158.21 on Friday. The company has a market capitalization of C$14.68 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89. The business has a fifty day moving average price of C$151.94 and a two-hundred day moving average price of C$142.88. iA Financial has a 1 year low of C$112.23 and a 1 year high of C$162.94.

Insider Buying and Selling at iA Financial

In related news, insider Pierre Miron sold 20,000 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the sale, the insider owned 4,900 shares of the company’s stock, valued at approximately C$737,930.20. This represents a 80.32% decrease in their position. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total value of C$447,000.00. 0.09% of the stock is currently owned by corporate insiders.

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.