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

Shares of iA Financial Co. Inc. (TSE:IAG) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$176.14.

A number of research analysts have issued reports on IAG shares. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. BMO Capital Markets dropped their price target on shares of iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Scotiabank reduced their price objective on shares of iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Finally, National Bank Financial lowered their target price on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th.

iA Financial Stock Performance

TSE IAG opened at C$149.33 on Tuesday. The stock has a market capitalization of C$13.70 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99. The stock has a fifty day moving average of C$167.52 and a 200-day moving average of C$163.87.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. The business had revenue of C$3.23 billion for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. Equities research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling at iA Financial

In related news, Director Denis Ricard acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the purchase, the director directly owned 56,000 shares in the company, valued at approximately C$8,512,000. This trade represents a 12.00% increase in their ownership of the stock. Also, insider Ï¿½Ric Jobin acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of C$151.82 per share, with a total value of C$151,820.00. Following the acquisition, the insider directly owned 1,941 shares of the company’s stock, valued at C$294,682.62. The trade was a 106.27% increase in their position. 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.