iA Financial Co. Inc. (TSE:IAG – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$176.64 and traded as high as C$208.06. iA Financial shares last traded at C$205.51, with a volume of 207,008 shares.
Analysts Set New Price Targets
Several research analysts have weighed in on IAG shares. Desjardins lifted their target price 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. Royal Bank Of Canada increased their price target on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. National Bank Financial raised their price target on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Scotia lifted their price objective on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, iA Financial has a consensus rating of “Hold” and an average target price of C$213.61.
View Our Latest Analysis on IAG
iA Financial Price Performance
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. The business had revenue of C$3.05 billion for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. On average, equities research analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.
Insiders Place Their Bets
In other news, insider RenĂ©e Laflamme sold 12,500 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 11,645 shares in the company, valued at C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 1,300 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00. In the last 90 days, insiders sold 52,000 shares of company stock worth $9,805,015. Corporate 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
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