iA Financial (TSE:IAG) Price Target Raised to C$218.00

iA Financial (TSE:IAG) had its target price raised by TD from C$214.00 to C$218.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. TD currently has a hold rating on the stock.

A number of other research firms have also commented on IAG. Scotiabank raised their price target on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note 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 report on Friday, April 17th. Canadian Imperial Bank of Commerce lifted their price target on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Finally, Scotia reduced their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$213.61.

iA Financial Price Performance

Shares of TSE:IAG opened at C$212.77 on Wednesday. The company has a market capitalization of C$18.99 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.26 and a beta of 0.92. The firm’s 50 day simple moving average is C$196.02 and its 200 day simple moving average is C$175.02. iA Financial has a fifty-two week low of C$140.34 and a fifty-two week high of C$223.72.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. The firm had revenue of C$3.05 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. Equities research analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In other news, insider Alain Bergeron sold 700 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total value of C$136,780.00. Also, insider Renée Laflamme sold 12,500 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the transaction, the insider directly owned 11,645 shares of the company’s stock, valued at C$2,467,109.70. This represents a 51.77% decrease in their ownership of the stock. In the last 90 days, insiders sold 52,000 shares of company stock valued at $9,805,015. 0.09% of the stock is owned by insiders.

Trending Headlines about iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

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