iA Financial Co. Inc. (TSE:IAG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$139.75.

IAG has been the topic of several analyst reports. CIBC dropped their target price on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Desjardins boosted their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. TD Securities upped their price objective on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada set a C$141.00 target price on iA Financial and gave the company a “sector perform” rating in a report on Tuesday, April 15th.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total transaction of C$375,100.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$136.33, for a total value of C$1,363,264.00. Insiders have sold 49,500 shares of company stock valued at $6,903,067 over the last three months. 0.09% of the stock is owned by company insiders.

iA Financial Stock Up 0.4%

IAG opened at C$141.30 on Friday. iA Financial has a 52-week low of C$84.29 and a 52-week high of C$144.91. The stock has a market cap of C$13.26 billion, a P/E ratio of 13.46, a PEG ratio of 1.26 and a beta of 1.13. The business has a fifty day moving average of C$134.50 and a 200 day moving average of C$132.81.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.