iA Financial Co. Inc. (TSE:IAG) Receives C$129.88 Consensus PT from Brokerages

iA Financial Co. Inc. (TSE:IAG) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$129.88.

Several equities analysts have issued reports on IAG shares. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, TD Securities raised their price objective on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th.

iA Financial Trading Down 0.1 %

IAG opened at C$130.53 on Monday. The stock has a market cap of C$12.42 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01. The company has a fifty day moving average of C$132.60 and a 200-day moving average of C$116.90.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, sell-side analysts predict that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In other iA Financial news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Also, Director Denis Ricard sold 2,800 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$131.00, for a total value of C$366,800.00. In the last 90 days, insiders sold 49,810 shares of company stock worth $6,601,270. Insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.