BMO Capital Markets Has Lowered Expectations for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its target price decreased by investment analysts at BMO Capital Markets from C$185.00 to C$175.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 12.58% from the stock’s current price.

IAG has been the topic of a number of other reports. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Scotiabank lowered their price target on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday. Royal Bank Of Canada set a C$167.00 price target on shares of iA Financial and gave the stock a “sector perform” rating in a report on Monday, January 19th. TD Securities dropped their price target on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, National Bank Financial reduced their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, iA Financial has a consensus rating of “Hold” and an average target price of C$176.14.

iA Financial Stock Performance

Shares of TSE:IAG opened at C$155.45 on Thursday. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99. The firm has a market cap of C$14.32 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The firm’s fifty day moving average is C$172.82 and its 200-day moving average is C$163.00.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. The business had revenue of C$3.23 billion during the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. Sell-side analysts forecast that iA Financial will post 11.6187564 EPS for the current year.

Insider Activity at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the sale, the director owned 50,000 shares in the company, valued at C$8,762,500. The trade was a 5.66% decrease in their position. 0.09% of the stock is currently owned by company insiders.

iA Financial Company Profile

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.