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

iA Financial (TSE:IAG) had its target price cut by stock analysts at BMO Capital Markets from C$185.00 to C$175.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 16.56% from the stock’s current price.

Several other research firms also recently issued reports on IAG. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Scotiabank decreased their price target on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. TD Securities cut their price objective on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, National Bank Financial decreased their target price on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$176.14.

iA Financial Stock Performance

Shares of IAG traded down C$1.20 during trading hours on Thursday, hitting C$150.14. 454,526 shares of the company were exchanged, compared to its average volume of 331,561. The company has a market cap of C$13.83 billion, a PE ratio of 12.90, a PEG ratio of 1.26 and a beta of 1.02. The firm’s 50 day moving average is C$173.68 and its 200-day moving average is C$162.95. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. The firm had revenue of C$3.23 billion during the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. As a group, equities analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling

In other iA Financial news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. The trade was a 5.66% decrease in their position. 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.