National Bank Financial Downgrades iA Financial (TSE:IAG) to Hold

iA Financial (TSE:IAG - Get Free Report) was downgraded by equities research analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday, Zacks.com reports.

Other research analysts have also recently issued research reports about the company. National Bankshares cut iA Financial from an "outperform" rating to a "sector perform" rating and boosted their price target for the stock from C$102.00 to C$118.00 in a research note on Friday. Scotiabank upped their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. TD Securities upped their price objective on iA Financial from C$110.00 to C$114.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. BMO Capital Markets upped their price objective on iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Finally, CIBC upped their price objective on iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, iA Financial presently has an average rating of "Hold" and a consensus price target of C$107.25.

iA Financial Stock Down 2.5 %

Shares of IAG stock traded down C$2.89 during mid-day trading on Thursday, hitting C$112.94. The company's stock had a trading volume of 225,100 shares, compared to its average volume of 282,693. iA Financial has a 52-week low of C$77.61 and a 52-week high of C$119.25. The business has a 50-day moving average price of C$108.61 and a 200 day moving average price of C$94.83. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The stock has a market cap of C$10.75 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The firm had revenue of C$1.64 billion during the quarter. Research analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal 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.