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

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$129.88.

A number of research firms have recently weighed in on IAG. Scotiabank lowered iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday. Cibc World Mkts upgraded iA Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. National Bankshares raised their target price on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Cormark upped their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their price target on shares of iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th.

Insiders Place Their Bets

In related news, Director Denis Ricard sold 2,800 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$131.00, for a total value of C$366,800.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$129.23, for a total value of C$1,938,415.50. In the last ninety days, insiders sold 49,810 shares of company stock worth $6,601,270. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Price Performance

Shares of IAG stock traded up C$1.99 during trading hours on Monday, hitting C$132.52. 468,212 shares of the company's stock were exchanged, compared to its average volume of 193,030. The company has a market capitalization of C$12.61 billion, a PE ratio of 17.74, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial has a 12-month low of C$80.95 and a 12-month high of C$138.01. The business's 50 day simple moving average is C$132.58 and its 200-day simple moving average is C$117.22.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$2.93 earnings per share for the quarter, topping the consensus estimate of C$2.63 by C$0.30. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. On average, equities research analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.

iA Financial Company Profile

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.