iA Financial (TSE:IAG) Announces Earnings Results

iA Financial (TSE:IAG) issued its earnings results on Monday. The company reported C$4.03 EPS for the quarter, FiscalAI reports. The company had revenue of C$3.06 billion for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%.

iA Financial Stock Up 1.5%

TSE:IAG opened at C$216.76 on Wednesday. iA Financial has a 52 week low of C$145.44 and a 52 week high of C$225.14. The company has a fifty day simple moving average of C$209.44 and a two-hundred day simple moving average of C$185.75. The company has a market cap of C$19.16 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IAG. Scotia raised their price target on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Scotiabank lifted their target price on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. National Bank Financial lifted their target price on iA Financial from C$215.00 to C$221.00 and gave the company a “sector perform” rating in a research report on Tuesday. TD upped their price target on iA Financial from C$219.00 to C$225.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets upped their price target on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, iA Financial has a consensus rating of “Hold” and a consensus price target of C$214.95.

iA Financial Company Profile

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.