iA Financial Co. Inc. (TSE:IAG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$129.88.

A number of equities research analysts recently weighed in on the stock. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Cormark raised their price target on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$132.00, for a total value of C$1,320,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total transaction of C$368,500.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately C$67,000. This trade represents a 84.62 % decrease in their position. Insiders sold a total of 32,010 shares of company stock worth $4,296,055 over the last three months. Corporate insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.5 %

Shares of TSE IAG opened at C$131.87 on Monday. 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 quick ratio of 0.17 and a current ratio of 2.22. The company has a market cap of C$12.55 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.26 and a beta of 1.13. The business’s 50 day moving average price is C$132.55 and its 200-day moving average price is C$117.52.

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.