TD Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG) had its price objective lifted by equities research analysts at TD from C$190.00 to C$214.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 4.00% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. National Bank Financial cut their price target on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Scotia lowered their price objective on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Desjardins boosted their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Canadian Imperial Bank of Commerce increased their target price on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Finally, TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$185.84.

iA Financial Stock Down 0.3%

Shares of TSE:IAG opened at C$205.77 on Tuesday. iA Financial has a 1 year low of C$133.36 and a 1 year high of C$213.16. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The business’s 50-day moving average is C$187.48 and its 200-day moving average is C$172.53. The company has a market capitalization of C$18.37 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.26 and a beta of 0.91.

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

Insider Buying and Selling

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the sale, the insider owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This trade represents a 75.38% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total value of C$245,960.00. In the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. 0.09% of the stock is owned by company insiders.

About iA Financial

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