iA Financial (TSE:IAG) Price Target Raised to C$193.00 at TD

iA Financial (TSE:IAG) had its target price hoisted by TD from C$189.00 to C$193.00 in a report issued on Tuesday,BayStreet.CA reports. TD currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. 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. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. TD Securities lowered their price objective on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Scotiabank lowered their price objective on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Finally, BMO Capital Markets lowered their price objective on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, iA Financial has an average rating of “Hold” and an average price target of C$178.25.

iA Financial Stock Performance

TSE IAG opened at C$171.19 on Tuesday. iA Financial has a one year low of C$124.25 and a one year high of C$182.99. The company’s 50 day moving average price is C$157.49 and its 200 day moving average price is C$164.38. The firm has a market capitalization of C$15.55 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.26 and a beta of 0.86.

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

Insider Buying and Selling

In related news, Director Denis Ricard purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the transaction, the director owned 56,000 shares of the company’s stock, valued at C$8,512,000. This represents a 12.00% increase in their ownership of the stock. Also, insider Ï¿½Ric Jobin purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of C$151.82 per share, with a total value of C$151,820.00. Following the transaction, the insider directly owned 1,941 shares of the company’s stock, valued at approximately C$294,682.62. This represents a 106.27% increase in their position. 0.09% of the stock is currently 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.