iA Financial Co. Inc. (TSE:IAG) Receives C$176.14 Average PT from Analysts

iA Financial Co. Inc. (TSE:IAG) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$176.14.

Several research firms recently issued reports on IAG. TD Securities decreased their target price on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the stock a “sector perform” rating in a research report on Monday, January 19th. National Bank Financial decreased their target price on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Scotiabank decreased their target price on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th.

Insider Activity at iA Financial

In related news, Director Denis Ricard bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the transaction, the director owned 56,000 shares of the company’s stock, valued at approximately C$8,512,000. The trade was a 12.00% increase in their ownership of the stock. Also, insider Ï¿½Ric Jobin bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of C$151.82 per share, for a total transaction of C$151,820.00. Following the completion of the transaction, the insider directly owned 1,941 shares of the company’s stock, valued at approximately C$294,682.62. The trade was a 106.27% increase in their position. 0.09% of the stock is currently owned by company insiders.

iA Financial Stock Performance

IAG opened at C$164.01 on Friday. The company’s 50 day simple moving average is C$157.53 and its 200 day simple moving average is C$163.92. iA Financial has a 1 year low of C$118.00 and a 1 year high of C$182.99. The stock has a market capitalization of C$14.89 billion, a PE ratio of 14.53, a P/E/G ratio of 1.26 and a beta of 0.86.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The business had revenue of C$3.23 billion for the quarter. As a group, sell-side analysts expect that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

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.