iA Financial (TSE:IAG) Price Target Raised to C$198.52

iA Financial (TSE:IAG) had its target price lifted by Scotiabank from C$168.00 to C$198.52 in a research note released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

IAG has been the subject of several other reports. Scotia lowered their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Desjardins boosted their price objective on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. National Bank Financial decreased their target price on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce raised their target price on iA Financial from C$180.00 to C$208.00 in a report on Wednesday. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial presently has a consensus rating of “Hold” and a consensus target price of C$183.17.

iA Financial Price Performance

IAG opened at C$208.22 on Wednesday. iA Financial has a 52-week low of C$133.36 and a 52-week high of C$211.06. The company has a 50 day moving average of C$185.20 and a two-hundred day moving average of C$171.99. The company has a market cap of C$18.59 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The business had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. On average, analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In related news, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at C$2,245,272.45. The trade was a 51.77% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. Over the last three months, insiders sold 39,500 shares of company stock worth $7,156,765. 0.09% of the stock is currently owned by company insiders.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc