iA Financial (TSE:IAG) Given New C$214.00 Price Target at TD

iA Financial (TSE:IAG) had its price target upped by TD from C$190.00 to C$214.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts have also issued reports on IAG. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotia decreased 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 lifted their price objective 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. National Bank Financial cut their target price on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research report 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 research note on Wednesday, July 15th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$185.84.

iA Financial Stock Performance

TSE:IAG opened at C$206.41 on Tuesday. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. iA Financial has a fifty-two week low of C$133.36 and a fifty-two week high of C$213.16. The company has a 50 day simple moving average of C$186.71 and a two-hundred day simple moving average of C$172.34. The company has a market capitalization of C$18.43 billion, a PE ratio of 19.11, a P/E/G ratio of 1.26 and a beta of 0.91.

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

Insider Activity

In other iA Financial news, insider Pierre Miron sold 15,000 shares of iA Financial stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the transaction, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. This trade represents a 75.38% decrease in their position. Also, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction 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 owned 11,645 shares in the company, valued at C$2,245,272.45. The trade was a 51.77% decrease in their ownership of the stock. Insiders sold a total of 39,500 shares of company stock worth $7,156,765 over the last quarter. Insiders own 0.09% of the company’s stock.

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