iA Financial (TSE:IAG) Price Target Raised to C$173.00

iA Financial (TSE:IAG) had its price objective increased by CIBC from C$150.00 to C$173.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on IAG. Cormark downgraded shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Scotiabank upgraded shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. TD Securities boosted their price target on shares of iA Financial from C$158.00 to C$175.00 in a research note on Wednesday, October 8th. National Bankshares lifted 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 report on Monday, October 20th. Finally, BMO Capital Markets lifted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$161.00.

iA Financial Stock Down 2.8%

IAG stock opened at C$162.85 on Monday. iA Financial has a 12 month low of C$115.21 and a 12 month high of C$175.21. The firm has a market cap of C$15.11 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.26 and a beta of 0.87. The company’s 50-day moving average price is C$157.23 and its two-hundred day moving average price is C$146.99.

Insider Activity

In other news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the sale, the insider owned 4,900 shares in the company, valued at approximately C$737,930.20. This represents a 80.32% decrease in their ownership of the stock. Corporate insiders own 0.09% of the company’s stock.

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.