National Bankshares Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its price objective increased by National Bankshares from C$146.00 to C$162.00 in a research note published on Monday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective on iA Financial from C$142.00 to C$151.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Desjardins boosted their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Cormark cut iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Scotiabank raised iA Financial to a “strong-buy” rating in a report on Thursday, July 31st. Finally, TD Securities boosted their target price on iA Financial from C$158.00 to C$175.00 in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$153.13.

iA Financial Stock Performance

Shares of TSE IAG opened at C$157.34 on Monday. iA Financial has a fifty-two week low of C$112.23 and a fifty-two week high of C$162.94. The firm has a market capitalization of C$14.60 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89. The stock’s 50-day simple moving average is C$153.57 and its 200-day simple moving average is C$143.71.

Insiders Place Their Bets

In related news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, 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 value of C$3,011,960.00. Following the transaction, the insider owned 4,900 shares in the company, valued at C$737,930.20. This trade represents a 80.32% decrease in their ownership of the stock. 0.09% of the stock is owned by company insiders.

About iA Financial

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.