iA Financial (TSE:IAG) Price Target Raised to C$167.00

iA Financial (TSE:IAG) had its target price upped by investment analysts at Royal Bank Of Canada from C$151.00 to C$167.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price indicates a potential upside of 3.46% from the stock’s previous close.

Several other brokerages also recently commented on IAG. TD Securities boosted their target price on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank raised iA Financial to a “strong-buy” rating in a report on Thursday, July 31st. BMO Capital Markets boosted their target price on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. National Bankshares boosted their target price on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Finally, CIBC boosted their target price on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$165.43.

iA Financial Trading Down 0.9%

IAG traded down C$1.43 on Thursday, hitting C$161.42. 213,775 shares of the stock traded hands, compared to its average volume of 271,140. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$175.21. The firm has a market capitalization of C$14.98 billion, a PE ratio of 15.07, a P/E/G ratio of 1.26 and a beta of 0.87. The business has a fifty day moving average price of C$157.23 and a two-hundred day moving average price of C$146.99.

Insiders Place Their Bets

In other iA Financial news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction dated 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 dated Wednesday, September 3rd. The shares were 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. This trade represents a 80.32% decrease in their position. Corporate 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.