iA Financial Co. Inc. (TSE:IAG – Get Free Report) has received an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$213.61.
A number of equities research analysts have weighed in on the company. Desjardins raised their price target on iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Scotiabank increased their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce raised their price objective on iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets boosted their target price on iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th.
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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 earnings per share (EPS) for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The company had revenue of C$3.05 billion during the quarter. As a group, equities research analysts expect that iA Financial will post 11.6187564 EPS for the current year.
Insider Activity at iA Financial
In other news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the completion of the sale, the insider directly owned 11,645 shares in the company, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their position. Company 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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