iA Financial (TSE:IAG) Price Target Raised to C$208.00

iA Financial (TSE:IAG) had its price target lifted by Canadian Imperial Bank of Commerce from C$180.00 to C$208.00 in a research note published on Wednesday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Desjardins boosted their target price on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD downgraded iA Financial from a “buy” rating to a “hold” rating and decreased their price target for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Scotia dropped their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, National Bank Financial cut their price objective 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. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$183.17.

iA Financial Stock Down 1.1%

Shares of TSE:IAG opened at C$208.22 on Wednesday. iA Financial has a fifty-two week low of C$133.36 and a fifty-two week high of C$211.06. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The firm’s 50-day simple moving average is C$185.20 and its 200-day simple moving average is C$171.99. The company has a market cap of C$18.59 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.26 and a beta of 0.91.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. As a group, equities research analysts predict that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling at iA Financial

In other news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the sale, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their position. Also, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the sale, the insider directly owned 11,645 shares in the company, valued at C$2,245,272.45. This trade represents a 51.77% decrease in their position. Over the last three months, insiders sold 39,500 shares of company stock valued at $7,156,765. Corporate insiders own 0.09% of the company’s stock.

About iA Financial

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