iA Financial (TSE:IAG) Given a C$167.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$167.00 price objective on iA Financial (TSE:IAG) in a research note published on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

IAG has been the subject of several other research reports. Cibc Captl Mkts cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. BMO Capital Markets upped their target price on iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. Desjardins raised their target price on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. National Bankshares lifted 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 research note on Monday, October 20th. Finally, CIBC upgraded shares of iA Financial from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$175.00 to C$184.00 in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and an average target price of C$169.00.

iA Financial Price Performance

TSE:IAG opened at C$174.88 on Monday. iA Financial has a one year low of C$115.21 and a one year high of C$182.99. The company has a fifty day moving average price of C$172.53 and a 200 day moving average price of C$159.14. The stock has a market cap of C$16.11 billion, a P/E ratio of 15.02, a PEG ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

Insider Activity at iA Financial

In other iA Financial news, 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 value of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. The trade was a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders sold a total of 6,750 shares of company stock worth $1,141,931 over the last three months. 0.09% of the stock is owned by company 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.