iA Financial Co. Inc. (TSE:IAG) Receives Average Recommendation of “Hold” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAGGet Free Report) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$177.78.

A number of research firms recently weighed in on IAG. Scotia reduced 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. National Bank Financial reduced their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. TD lowered iA Financial from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Finally, Scotiabank reduced their price objective on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th.

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Insiders Place Their Bets

In other news, insider Renée Laflamme sold 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the sale, the insider owned 11,645 shares in the company, valued at C$2,026,695.80. This represents a 46.20% decrease in their ownership of the stock. 0.09% of the stock is currently owned by company insiders.

iA Financial Trading Up 0.5%

IAG opened at C$171.88 on Friday. The stock has a market cap of C$15.34 billion, a PE ratio of 15.91, a PEG ratio of 1.26 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The business has a 50 day moving average of C$166.08 and a 200-day moving average of C$166.71. iA Financial has a 52 week low of C$133.36 and a 52 week high of C$182.99.

iA Financial (TSE:IAGGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Equities research analysts predict that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Company Profile

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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

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Analyst Recommendations for iA Financial (TSE:IAG)

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