Royal Bank Of Canada Analysts Give iA Financial (TSE:IAG) a C$167.00 Price Target

Royal Bank Of Canada set a C$167.00 price objective on iA Financial (TSE:IAG) in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also weighed in on IAG. Cibc Captl Mkts lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. TD Securities lifted their target price on shares of iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. CIBC upgraded shares of iA Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$175.00 to C$184.00 in a research note on Thursday, January 8th. National Bankshares raised their price target on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Finally, BMO Capital Markets boosted their price objective on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$169.00.

iA Financial Trading Up 0.5%

Shares of TSE:IAG opened at C$171.58 on Monday. The business’s fifty day simple moving average is C$172.78 and its 200-day simple moving average is C$159.39. iA Financial has a 12-month low of C$115.21 and a 12-month high of C$182.99. The company has a market capitalization of C$15.81 billion, a PE ratio of 14.74, a P/E/G ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$3.47 EPS for the quarter. The business had revenue of C$6.67 billion during the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. Research analysts predict that iA Financial will post 11.6187564 EPS for the current year.

Insiders Place Their Bets

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the stock in a transaction dated Friday, December 12th. The stock was 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 approximately C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. Insiders have sold 6,750 shares of company stock worth $1,141,931 over the last three months. 0.09% of the stock is currently owned by insiders.

About iA Financial

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.