iA Financial (TSE:IAG) Given New C$225.00 Price Target at BMO Capital Markets

iA Financial (TSE:IAG) had its target price increased by equities research analysts at BMO Capital Markets from C$215.00 to C$225.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 5.45% from the company’s current price.

IAG has been the topic of a number of other reports. Scotia cut their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their target price on iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. National Bank Financial upped their target price on shares of iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a research report on Wednesday. TD upped their price objective on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Desjardins lifted their price target on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$213.61.

iA Financial Price Performance

Shares of iA Financial stock traded up C$0.43 during trading on Thursday, hitting C$213.38. 238,746 shares of the company were exchanged, compared to its average volume of 340,104. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. iA Financial has a fifty-two week low of C$140.34 and a fifty-two week high of C$223.72. The stock has a market capitalization of C$19.05 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.26 and a beta of 0.92. The firm has a 50 day moving average price of C$194.37 and a 200 day moving average price of C$174.48.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. On average, equities analysts expect that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the sale, the insider owned 11,645 shares in the company, valued at approximately C$2,245,272.45. The trade was a 51.77% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00. Insiders sold 39,500 shares of company stock worth $7,156,765 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

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