iA Financial (TSE:IAG) Price Target Lowered to C$181.00 at National Bank Financial

iA Financial (TSE:IAG) had its target price trimmed by National Bank Financial from C$190.00 to C$181.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on the company. 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. Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Scotiabank boosted their target price on shares of iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Canadian Imperial Bank of Commerce cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, TD Securities lifted their price target on iA Financial from C$178.00 to C$192.00 in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$178.14.

iA Financial Stock Performance

Shares of TSE IAG opened at C$151.34 on Wednesday. The company has a market cap of C$13.95 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.26 and a beta of 1.02. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.99. The firm’s fifty day moving average is C$173.68 and its two-hundred day moving average is C$162.95.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. The firm had revenue of C$3.23 billion for the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. As a group, analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity

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