iA Financial (TSE:IAG) Given New C$198.52 Price Target at Scotiabank

iA Financial (TSE:IAG) had its target price lifted by Scotiabank from C$168.00 to C$198.52 in a report released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also recently weighed in on IAG. Scotia reduced 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. Canadian Imperial Bank of Commerce lifted their target price on shares of iA Financial from C$180.00 to C$208.00 in a report on Wednesday. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Desjardins upped their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. Finally, National Bank Financial lowered 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 research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat, iA Financial presently has a consensus rating of “Hold” and a consensus price target of C$183.17.

iA Financial Trading Up 2.2%

iA Financial stock opened at C$207.84 on Wednesday. The company’s fifty day simple moving average is C$183.41 and its 200-day simple moving average is C$171.51. 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 12 month low of C$133.36 and a 12 month high of C$208.48. The stock has a market cap of C$18.55 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.26 and a beta of 0.91.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The firm had revenue of C$2.74 billion for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. As a group, sell-side analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity at iA Financial

In other news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the sale, the insider owned 4,900 shares in the company, valued at approximately C$857,010. The trade was a 75.38% decrease in their position. Also, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider directly owned 11,645 shares in the company, valued at C$2,245,272.45. This represents a 51.77% decrease in their ownership of the stock. Insiders have sold a total of 39,500 shares of company stock valued at $7,156,765 in the last 90 days. 0.09% of the stock is owned by corporate 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