iA Financial (TSE:IAG) Price Target Raised to C$188.00 at Scotiabank

iA Financial (TSE:IAG) had its target price boosted by Scotiabank from C$179.00 to C$188.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on IAG. Desjardins lifted their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Cibc Captl Mkts cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$175.00 to C$184.00 in a research note on Thursday, January 8th. Finally, National Bankshares boosted their target price on 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. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$175.86.

iA Financial Price Performance

IAG opened at C$171.41 on Thursday. iA Financial has a 12 month low of C$115.21 and a 12 month high of C$182.99. The business has a 50-day moving average of C$173.45 and a two-hundred day moving average of C$161.14. The stock has a market capitalization of C$15.79 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.

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

Insider Activity

In other news, Director Denis Ricard sold 3,000 shares of the stock in a transaction dated 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 sale, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders sold 6,750 shares of company stock valued at $1,141,931 in the last ninety days. Company insiders own 0.09% of the company’s stock.

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.