iA Financial Co. Inc. (TSE:IAG) Receives C$156.75 Consensus Target Price from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$165.43.

A number of research analysts recently commented on IAG shares. National Bankshares upped their price objective on 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. Royal Bank Of Canada upped their price target on shares of iA Financial from C$151.00 to C$167.00 in a research report on Thursday. CIBC lifted their price objective on shares of iA Financial from C$150.00 to C$173.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Desjardins boosted 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. Finally, TD Securities boosted their price objective on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th.

Insiders Place Their Bets

In other iA Financial news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business’s stock in a transaction on 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 stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total value 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 approximately C$737,930.20. The trade was a 80.32% decrease in their position. Insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.5%

TSE:IAG opened at C$161.33 on Wednesday. The stock has a 50 day moving average of C$157.75 and a 200-day moving average of C$147.62. The firm has a market capitalization of C$14.87 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$175.21.

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.