iA Financial (TSE:IAG) Price Target Raised to C$205.00 at National Bank Financial

iA Financial (TSE:IAG) had its target price lifted by National Bank Financial from C$179.00 to C$205.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

IAG has been the subject of a number of other research reports. Scotia dropped their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Scotiabank upped their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. TD raised their price target on shares of iA Financial from C$190.00 to C$214.00 and gave the stock a “hold” rating in a research note on Tuesday. TD Securities cut shares of 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 lifted their price target on shares of iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$188.72.

iA Financial Price Performance

IAG stock opened at C$203.84 on Thursday. The stock’s 50 day moving average price is C$188.14 and its 200 day moving average price is C$172.72. The firm has a market cap of C$18.20 billion, a P/E ratio of 18.87, a PEG ratio of 1.26 and a beta of 0.91. 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 1 year low of C$133.36 and a 1 year high of C$213.16.

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

Insider Buying and Selling

In related news, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,245,272.45. This represents a 51.77% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of the 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 transaction, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. This represents a 75.38% decrease in their position. Over the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. 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