iA Financial Co. Inc. (TSE:IAG) Receives Average Rating of “Hold” from Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$177.78.

A number of analysts recently issued reports on IAG shares. National Bank Financial decreased their target price on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Desjardins raised their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Scotia decreased their target price on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th.

iA Financial Trading Up 2.1%

Shares of IAG opened at C$191.12 on Thursday. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The firm has a 50 day simple moving average of C$175.02 and a 200-day simple moving average of C$168.73. iA Financial has a 1-year low of C$133.36 and a 1-year high of C$192.87. The stock has a market cap of C$17.06 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. The business had revenue of C$2.74 billion during the quarter. Equities analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total transaction of C$245,960.00. Also, insider Renée Laflamme sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the sale, the insider owned 11,645 shares in the company, valued at approximately C$2,026,695.80. This trade represents a 46.20% decrease in their position. Over the last 90 days, insiders have sold 26,300 shares of company stock worth $4,609,860. 0.09% of the stock is owned by insiders.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc