Desjardins Increases iA Financial (TSE:IAG) Price Target to C$174.00

iA Financial (TSE:IAG) had its price objective lifted by investment analysts at Desjardins from C$173.00 to C$174.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 0.82% from the company’s previous close.

Several other research firms have also recently weighed in on IAG. Scotiabank reduced their price objective on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. BMO Capital Markets reduced their price objective on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. TD Securities reduced their price objective on 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. Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$179.63.

iA Financial Trading Up 0.9%

IAG opened at C$172.58 on Friday. iA Financial has a 1-year low of C$124.25 and a 1-year high of C$182.99. The stock has a market capitalization of C$15.67 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.26 and a beta of 0.86. The business has a 50 day moving average of C$157.51 and a 200-day moving average of C$164.63.

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

Insider Buying and Selling at iA Financial

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