iA Financial (TSE:IAG) Price Target Raised to C$167.00 at Royal Bank Of Canada

iA Financial (TSE:IAG) had its price target raised by Royal Bank Of Canada from C$151.00 to C$167.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on IAG. Scotiabank upgraded shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. Cormark cut iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. TD Securities upped their price objective on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research note on Wednesday. National Bankshares increased their target price on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Finally, Desjardins boosted their price target on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$165.43.

iA Financial Stock Down 0.4%

IAG stock opened at C$162.12 on Thursday. The business’s 50-day moving average price is C$157.48 and its 200-day moving average price is C$147.10. The stock has a market cap of C$15.04 billion, a P/E ratio of 15.14, a PEG ratio of 1.26 and a beta of 0.87. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$175.21.

Insider Activity at iA Financial

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

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.