Desjardins Boosts iA Financial (TSE:IAG) Price Target to C$174.00

iA Financial (TSE:IAG) had its price objective boosted by stock analysts at Desjardins from C$173.00 to C$174.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential upside of 0.81% from the company’s previous close.

IAG has been the topic of several other research reports. Scotiabank lowered their price target on iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. TD Securities lowered their price target on iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the company a “sector perform” rating in a report on Monday, January 19th. National Bank Financial lowered their price target on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Finally, BMO Capital Markets lowered their price target on iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, iA Financial presently has a consensus rating of “Hold” and an average target price of C$179.63.

iA Financial Stock Up 0.9%

IAG traded up C$1.57 during trading on Friday, reaching C$172.60. 117,127 shares of the company were exchanged, compared to its average volume of 351,081. The company’s 50-day moving average is C$157.52 and its two-hundred day moving average is C$164.48. The company has a market cap of C$15.67 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.26 and a beta of 0.86. iA Financial has a 12-month low of C$124.25 and a 12-month high of C$182.99.

iA Financial (TSE:IAG) last issued its quarterly earnings data 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 for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. Equities analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Denis Ricard bought 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the purchase, the director directly owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their ownership of the stock. Also, insider Ï¿½Ric Jobin bought 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of C$151.82 per share, with a total value of C$151,820.00. Following the purchase, the insider owned 1,941 shares of the company’s stock, valued at C$294,682.62. This represents a 106.27% increase in their ownership of the stock. Insiders own 0.09% of the company’s stock.

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.