iA Financial (TSE:IAG) Downgraded by Scotiabank to "Hold"

Scotiabank lowered shares of iA Financial (TSE:IAG - Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

IAG has been the subject of a number of other research reports. CIBC boosted their price target on iA Financial from C$143.00 to C$144.00 in a research report on Thursday, January 30th. National Bankshares boosted their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. National Bank Financial cut iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Cibc World Mkts raised iA Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Finally, Cormark boosted their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, iA Financial has an average rating of "Moderate Buy" and a consensus price target of C$129.88.

iA Financial Stock Down 0.5 %

IAG traded down C$0.65 during trading on Monday, reaching C$131.87. 135,633 shares of the stock traded hands, compared to its average volume of 190,904. The stock has a market cap of C$12.55 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$138.01. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock's 50-day simple moving average is C$132.55 and its two-hundred day simple moving average is C$117.52.

iA Financial (TSE:IAG - Get Free Report) last released 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%. As a group, equities research analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 510 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, Senior Officer Pierre Miron sold 15,000 shares of the business's stock in a transaction dated 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 90 days, insiders sold 49,810 shares of company stock valued at $6,601,270. Insiders own 0.09% of the company's stock.

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.