iA Financial (TSE:IAG) Given New C$175.00 Price Target at BMO Capital Markets

iA Financial (TSE:IAG) had its price target boosted by BMO Capital Markets from C$170.00 to C$175.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on IAG. TD Securities raised their target price on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research note on Wednesday. Desjardins raised their price objective on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. CIBC lifted 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. Royal Bank Of Canada upped their target price on iA Financial from C$151.00 to C$167.00 in a research report on Thursday. Finally, National Bankshares increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$165.43.

iA Financial Trading Down 0.4%

TSE IAG opened at C$162.12 on Thursday. iA Financial has a 12-month low of C$115.21 and a 12-month high of C$175.21. The company has a fifty day simple moving average of C$157.48 and a two-hundred day simple moving average of C$147.10. The stock has a market cap of C$15.04 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.26 and a beta of 0.87.

Insider Activity at iA Financial

In other news, insider Pierre Miron sold 20,000 shares of iA Financial stock in a transaction that occurred on 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 transaction, the insider directly owned 4,900 shares of the company’s stock, valued at C$737,930.20. The trade was a 80.32% decrease in their position. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. 0.09% of the stock is currently owned by company 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.