iA Financial (TSE:IAG) PT Set at C$167.00 by Royal Bank Of Canada

iA Financial (TSE:IAG) received a C$167.00 target price from equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 2.14% from the stock’s previous close.

IAG has been the topic of several other research reports. CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$175.00 to C$184.00 in a research report on Thursday, January 8th. TD Securities boosted their price target on iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. Desjardins upped their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Cibc Captl Mkts downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, National Bankshares boosted their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$169.00.

iA Financial Stock Performance

IAG opened at C$170.65 on Monday. The business’s 50-day simple moving average is C$172.69 and its 200 day simple moving average is C$159.31. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.99. The firm has a market capitalization of C$15.72 billion, a PE ratio of 14.66, a PEG ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$6.67 billion for the quarter. On average, research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Transactions at iA Financial

In related news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the sale, the director directly owned 50,000 shares in the company, valued at C$8,762,500. This trade represents a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders have sold 6,750 shares of company stock worth $1,141,931 over the last three months. Insiders own 0.09% of the company’s stock.

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.