iA Financial Co. Inc. (TSE:IAG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$149.38.

A number of equities analysts recently commented on the stock. Cormark cut shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. TD Securities lifted their price target on shares of iA Financial from C$158.00 to C$175.00 in a research note on Wednesday. National Bankshares boosted their price objective on shares of iA Financial from C$141.00 to C$146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Desjardins boosted their price objective on shares of iA Financial from C$147.00 to C$149.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets boosted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th.

Insider Activity

In other iA Financial news, insider Pierre Miron sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the completion of the sale, the insider directly owned 4,900 shares of the company’s stock, valued at C$737,930.20. The trade was a 80.32% decrease in their position. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. 0.09% of the stock is owned by insiders.

iA Financial Trading Up 0.5%

IAG stock opened at C$158.21 on Friday. iA Financial has a 12 month low of C$112.23 and a 12 month high of C$162.94. The company has a 50-day moving average price of C$151.48 and a 200 day moving average price of C$142.66. The stock has a market cap of C$14.68 billion, a PE ratio of 14.77, a P/E/G ratio of 1.26 and a beta of 0.89.

About iA Financial

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.