Shares of iA Financial Co. Inc. (TSE:IAG – Get Free Report) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$213.50.
IAG has been the topic of a number of recent research reports. Scotia raised their target price on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. TD raised their price target 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. BMO Capital Markets upped their price target 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. National Bank Financial decreased their target price on iA Financial from C$216.00 to C$215.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. Finally, Desjardins lifted their price target on shares of iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th.
Read Our Latest Report on iA Financial
Insiders Place Their Bets
In other iA Financial news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at C$2,467,109.70. The trade was a 51.77% decrease in their position. Insiders own 0.09% of the company’s stock.
iA Financial Stock Performance
IAG opened at C$207.18 on Wednesday. The company has a 50-day moving average of C$205.70 and a 200-day moving average of C$193.27. iA Financial has a 1-year low of C$145.44 and a 1-year high of C$223.72. The company has a market capitalization of C$18.50 billion, a P/E ratio of 17.83, a PEG ratio of 1.26 and a beta of 0.81.
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. The business had revenue of C$3.05 billion for the quarter. As a group, sell-side analysts expect that iA Financial will post 11.62 earnings per share for the current fiscal year.
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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