iA Financial (TSE:IAG – Get Free Report) The price target was raised by equity analysts at BMO Capital Markets from CAD 102.00 to CAD 111.00 in a research report published on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would imply a potential upside of 11.86% from the company’s last closing price.
IAG was the subject of a number of other reports. Cormark increased their price target on iA Financial from C$103.00 to C$105.00 in a report on Friday, May 10. CIBC upgraded shares of iA Financial from a “neutral” rating to an “outperform” rating in a report on Friday, May 10 and raised their price target on the stock from C$97.00 to C$100.00 in a report on Friday, May 10. Scotiabank increased their price target on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday. Royal Bank of Canada increased their price target on iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10. Finally, TD Securities raised their price target on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities analysts have rated the stock with a “hold” rating and four have given the company a “buy” rating. Based on data from MarketBeat.com, the stock currently has an average rating of “moderate buy” and an average price target of C$94.06.
Read our latest report on IAG
iA Financial Trading increases by 3.0%
iA Financial stock rose C$2.93 in midday trading on Thursday, reaching C$99.23. 360,301 shares traded hands, compared to an average volume of 277,637. The stock has a market cap of C$9.44 billion, a P/E ratio of 13.28, a PEG ratio of 1.26 and a beta of 1.11. The company has a 50-day simple moving average of C$88.30 and a 200-day simple moving average of C$87.88. The company has a quick ratio of 0.17, a current ratio of 6.92 and a debt-to-equity ratio of 20.29. iA Financial has a 52-week low of C$77.61 and a 52-week high of C$99.31.
iA Financial (TSE:IAG – Get Free Report) last released its quarterly earnings results on Thursday, May 9. The company reported earnings per share of $2.44 for the quarter, beating the consensus estimate of $2.38 by $0.06. The company posted revenue of $1.60 billion for the quarter. iA Financial had a return on equity of 10.51% and a net margin of 10.50%. Equities analysts expect iA Financial to post earnings per share of $10.6511628 for the current fiscal year.
Insider transactions at iA Financial
In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the company’s stock on Thursday, May 16. The shares were sold at an average price of C$90.41, for a total value of C$452,070.00. Following the completion of the sale, the insider now directly owns 500 shares of the company’s stock, valued at C$45,207. In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of the company’s stock on Tuesday, May 14. The shares were sold at an average price of C$91.42, for a total value of C$91,420.00. Also, Senior Officer Alain Bergeron sold 5,000 shares of the company’s stock on Thursday, May 16. The shares were sold at an average price of C$90.41, for a total transaction of C$452,070.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at approximately CAD$45,207. Over the past ninety days, insiders have sold 31,000 shares of the company’s stock, valued at USD$2,850,331. 0.09% of the shares are currently owned by company insiders.
Company profile of iA Financial
(Get free report)
iA Financial Corporation Inc. provides insurance and wealth management services in Canada and the United States. The company is engaged in insurance (Canada), wealth management, investments and U.S. business. The company offers health, auto, home and credit insurance products, replacement insurance products and warranties, extended warranties and other dealer services ancillary products, specialty products for special markets, and life insurance products and extended warranties related to dealer services.
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