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

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$165.43.

Several research firms have commented on IAG. BMO Capital Markets lifted their target price on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. TD Securities lifted their price objective on iA Financial from C$175.00 to C$178.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada upped their target price on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. CIBC raised their price target on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Desjardins lifted their price target on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th.

iA Financial Trading Down 0.5%

iA Financial stock opened at C$177.86 on Thursday. The stock has a 50-day moving average price of C$166.64 and a 200 day moving average price of C$154.74. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$180.13. The stock has a market cap of C$16.39 billion, a PE ratio of 15.28, a P/E/G ratio of 1.26 and a beta of 0.90.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$3.47 earnings per share (EPS) for the quarter. The company had revenue of C$6.67 billion for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. On average, equities analysts predict that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling

In related news, Director Denis Ricard sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total transaction of C$380,847.40. Over the last 90 days, insiders sold 6,750 shares of company stock valued at $1,141,931. 0.09% of the stock is owned by 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.