iA Financial (TSE:IAG) Stock Price Expected to Rise, TD Securities Analyst Says

iA Financial (TSE:IAG) had its price objective increased by equities researchers at TD Securities from C$175.00 to C$178.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 8.50% from the stock’s previous close.

Several other research analysts also recently weighed in on IAG. Royal Bank Of Canada boosted their price target on iA Financial from C$142.00 to C$151.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Desjardins upped their target price on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Cormark lowered shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. National Bankshares increased their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Finally, BMO Capital Markets increased their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$157.13.

iA Financial Price Performance

Shares of IAG stock traded down C$3.49 during midday trading on Wednesday, reaching C$164.06. 270,897 shares of the company traded hands, compared to its average volume of 270,369. The firm’s 50 day simple moving average is C$156.94 and its two-hundred day simple moving average is C$146.88. iA Financial has a 1-year low of C$115.21 and a 1-year high of C$175.21. The firm has a market cap of C$15.22 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87.

Insider Activity at iA Financial

In related news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were 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 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 transaction of C$3,011,960.00. Following the completion of the sale, the insider owned 4,900 shares of the company’s stock, valued at approximately C$737,930.20. The trade was a 80.32% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Company Profile

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.