iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of “Hold” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have received a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$175.86.

Several equities research analysts recently weighed in on IAG shares. Scotiabank increased their price objective on shares of iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. National Bank Financial increased their price target on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Finally, BMO Capital Markets increased their target price on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th.

iA Financial Stock Down 1.4%

TSE:IAG opened at C$166.50 on Friday. The company has a market cap of C$15.46 billion, a PE ratio of 14.30, a P/E/G ratio of 1.26 and a beta of 1.02. The business’s 50 day moving average is C$173.98 and its two-hundred day moving average is C$162.07. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99.

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

Insiders Place Their Bets

In other iA Financial news, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction dated 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 directly owned 50,000 shares of the company’s stock, valued at C$8,762,500. The trade was a 5.66% decrease in their position. 0.09% of the stock is currently owned by corporate 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.