TD Securities Cuts iA Financial (TSE:IAG) Price Target to C$189.00

iA Financial (TSE:IAG) had its target price trimmed by TD Securities from C$192.00 to C$189.00 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on IAG. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. National Bank Financial reduced their target price on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Scotiabank downgraded iA Financial from an “outperform” rating to a “hold” rating and set a C$188.00 price target for the company. in a report on Wednesday. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Finally, BMO Capital Markets upped their price objective on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$176.14.

iA Financial Price Performance

IAG opened at C$155.45 on Wednesday. The firm has a market capitalization of C$14.32 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The business’s 50-day moving average is C$172.82 and its two-hundred day moving average is C$163.00. iA Financial has a 1 year low of C$115.21 and a 1 year 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 6.85% and a return on equity of 13.73%. The business had revenue of C$3.23 billion during the quarter. As a group, sell-side analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insider Activity

In related news, Director Denis Ricard sold 3,000 shares of iA Financial 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 completion of the sale, the director owned 50,000 shares of the company’s stock, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. 0.09% of the stock is currently owned by insiders.

iA Financial Company Profile

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.