iA Financial Co. Inc. (TSE:IAG) Receives Average Rating of “Hold” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$177.78.

Several equities research analysts have weighed in on the company. Desjardins upped their target price on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a report on Friday, April 17th. BMO Capital Markets lowered their target price on iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. National Bank Financial decreased their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Scotiabank decreased their price objective on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Finally, TD cut iA Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$193.00 to C$190.00 in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In related news, insider Pierre Miron sold 15,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider directly owned 4,900 shares in the company, valued at C$857,010. This represents a 75.38% decrease in their position. Also, insider Renée Laflamme sold 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at C$2,026,695.80. This trade represents a 46.20% decrease in their ownership of the stock. Corporate insiders own 0.09% of the company’s stock.

iA Financial Price Performance

Shares of IAG stock opened at C$189.15 on Thursday. iA Financial has a twelve month low of C$133.36 and a twelve month high of C$190.14. The stock has a market capitalization of C$16.89 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.26 and a beta of 0.97. The stock has a fifty day simple moving average of C$172.60 and a two-hundred day simple moving average of C$167.87. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The business had revenue of C$2.74 billion during the quarter. On average, analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal year.

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