iA Financial (TSE:IAG) Cut to Hold at Cibc Captl Mkts

Cibc Captl Mkts lowered shares of iA Financial (TSE:IAG) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. CIBC upgraded iA Financial from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$175.00 to C$184.00 in a report on Thursday. BMO Capital Markets boosted their price objective on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. Royal Bank Of Canada upped their target price on shares of iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. TD Securities lifted their price target on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, National Bankshares boosted their price target on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$167.00.

iA Financial Stock Up 0.8%

iA Financial stock opened at C$179.67 on Thursday. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.11. The firm has a market cap of C$16.56 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. The company’s 50 day moving average is C$170.90 and its two-hundred day moving average is C$157.78.

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

Insider Activity at iA Financial

In related news, insider Philippe Sarfati sold 2,318 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the sale, the director owned 50,000 shares in the company, valued at C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. Insiders sold 6,750 shares of company stock worth $1,141,931 over the last quarter. 0.09% of the stock is currently 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.