iA Financial (TSE:IAG) Price Target Raised to C$225.00

iA Financial (TSE:IAG) had its price target raised by TD from C$219.00 to C$225.00 in a research note released on Tuesday morning,BayStreet reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently weighed in on the company. Canadian Imperial Bank of Commerce upped their price target on iA Financial from C$208.00 to C$220.00 in a research report on Thursday, August 6th. Scotia raised their price target on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Desjardins lifted their price objective on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a report on Thursday, August 6th. BMO Capital Markets lifted their price objective on shares of iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, National Bank Financial boosted their price objective on shares of iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$217.17.

iA Financial Price Performance

IAG stock opened at C$218.72 on Tuesday. The stock has a market capitalization of C$19.05 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.26 and a beta of 0.74. The business has a 50-day moving average of C$210.31 and a 200-day moving average of C$186.28. iA Financial has a fifty-two week low of C$145.44 and a fifty-two week high of C$225.14.

iA Financial (TSE:IAG) last announced its earnings results on Monday, November 9th. The company reported C$4.03 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 12.43% and a net margin of 7.71%. The business had revenue of C$3.06 billion for the quarter. Equities analysts expect that iA Financial will post 11.62 EPS for the current year.

Key Headlines Impacting iA Financial

These are some of the IAG headlines that stood out recently:

• Positive Sentiment: iA Financial reported third-quarter results and announced a 7% increase in its common dividend, signaling a larger cash return to shareholders. Q3 results and dividend announcement
• Positive Sentiment: The company announced an equity buyback covering 4,355,019 shares, or 5% of its issued share capital, which could support per-share value and return capital to shareholders. Share buyback announcement
• Neutral Sentiment: CEO Denis Ricard and CFO/Chief Actuary Éric Jobin are scheduled to take part in a virtual fireside chat with TD Securities; no new financial guidance was included in the announcement. Fireside chat announcement

iA Financial Company Profile

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.