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

iA Financial (TSE:IAG) had its price target raised by CIBC from C$150.00 to C$173.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Scotiabank upgraded shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. Desjardins lifted their price objective on shares of 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. National Bankshares lifted their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Royal Bank Of Canada lifted their price objective on shares of 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. Finally, BMO Capital Markets lifted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$156.75.

iA Financial Stock Performance

Shares of IAG opened at C$167.52 on Monday. iA Financial has a 1 year low of C$113.03 and a 1 year high of C$167.84. The company has a market cap of C$15.55 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89. The firm has a fifty day moving average of C$156.55 and a 200-day moving average of C$146.60.

Insider Activity

In other iA Financial news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total value of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the business’s 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 completion of the sale, the insider owned 4,900 shares in the company, valued at approximately C$737,930.20. This trade represents a 80.32% decrease in their ownership of the stock. 0.09% of the stock is currently owned by 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.