iA Financial Co. Inc. (TSE:IAG) Receives C$176.14 Average Target Price from Brokerages

iA Financial Co. Inc. (TSE:IAG) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$176.14.

IAG has been the subject of several recent analyst reports. Scotiabank dropped their target price on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. TD Securities reduced their price target on iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. BMO Capital Markets decreased their price target on iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Finally, National Bank Financial decreased their target price on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th.

iA Financial Trading Down 0.3%

Shares of IAG opened at C$149.00 on Tuesday. The company’s fifty day simple moving average is C$165.83 and its 200-day simple moving average is C$163.66. The company has a market cap of C$13.67 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.26 and a beta of 0.99. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 EPS for the quarter. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The firm had revenue of C$3.23 billion during the quarter. Analysts predict that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ï¿½Ric Jobin acquired 1,000 shares of the stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of C$151.82 per share, with a total value of C$151,820.00. Following the transaction, the insider directly owned 1,941 shares in the company, valued at approximately C$294,682.62. This represents a 106.27% increase in their ownership of the stock. Also, Director Denis Ricard bought 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of C$152.00 per share, for a total transaction of C$912,000.00. Following the completion of the purchase, the director directly owned 56,000 shares in the company, valued at approximately C$8,512,000. This represents a 12.00% increase in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

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.