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

iA Financial (TSE:IAG) had its price target upped by TD Securities from C$178.00 to C$192.00 in a research report report published on Wednesday,BayStreet.CA reports.

A number of other brokerages also recently issued reports on IAG. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$151.00 to C$167.00 in a research report on Thursday, November 6th. CIBC raised shares of iA Financial from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$175.00 to C$184.00 in a research note on Thursday, January 8th. Cibc Captl Mkts cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Desjardins raised their price objective on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, National Bankshares lifted their price objective on iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$169.00.

iA Financial Price Performance

IAG opened at C$177.61 on Wednesday. iA Financial has a one year low of C$115.21 and a one year high of C$182.11. The business has a 50 day simple moving average of C$171.61 and a two-hundred day simple moving average of C$158.44. The firm has a market capitalization of C$16.37 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Transactions at iA Financial

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total transaction of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of iA Financial 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 transaction, the director owned 50,000 shares of the company’s stock, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. In the last 90 days, insiders sold 6,750 shares of company stock worth $1,141,931. Corporate insiders own 0.09% of the company’s stock.

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.