iA Financial (TSE:IAG) Price Target Lowered to C$189.00 at TD Securities

iA Financial (TSE:IAG) had its target price cut by TD Securities from C$192.00 to C$189.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on IAG. National Bank Financial cut their target price on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Scotiabank lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and set a C$188.00 price objective on the stock. in a research report on Wednesday. BMO Capital Markets raised their target price on shares of 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 stock a “sector perform” rating in a research note on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$178.14.

iA Financial Stock Performance

Shares of IAG stock opened at C$151.34 on Wednesday. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99. The company’s 50 day moving average price is C$173.68 and its two-hundred day moving average price is C$162.95. The company has a market capitalization of C$13.95 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.

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

Insider Buying and Selling

In other iA Financial news, Director Denis Ricard sold 3,000 shares of the company’s stock in a transaction 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 sale, the director directly owned 50,000 shares in the company, valued at C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. 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.