iA Financial Co. Inc. (TSE:IAG – Get Free Report) has received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$213.61.
A number of analysts have recently commented on IAG shares. BMO Capital Markets boosted their target price on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Desjardins lifted their price objective on iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Scotiabank boosted their price objective on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. National Bank Financial increased their target price on iA Financial from C$205.00 to C$216.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, TD increased their target price on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday, August 5th.
Read Our Latest Stock Report on IAG
iA Financial Stock Performance
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. Sell-side analysts predict that iA Financial will post 11.6187564 EPS for the current year.
Insider Buying and Selling
In other iA Financial news, insider Renée Laflamme sold 12,500 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the transaction, the insider owned 11,645 shares in the company, valued at approximately C$2,467,109.70. This trade represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 700 shares of iA Financial stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total transaction of C$136,780.00. Over the last ninety days, insiders sold 52,000 shares of company stock worth $9,805,015. 0.09% of the stock is owned by corporate insiders.
About iA Financial
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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