iA Financial (TSE:IAG) Stock Gets Price Target Trim from National Bank Financial

iA Financial (TSE:IAG) had its price objective decreased by National Bank Financial from C$216.00 to C$215.00 in a research note issued to investors on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their target price on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD upped their price target on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce increased their price target on shares of iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Desjardins boosted their price target on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$213.50.

iA Financial Price Performance

Shares of TSE IAG opened at C$211.91 on Monday. The stock has a market capitalization of C$18.73 billion, a PE ratio of 18.24, a P/E/G ratio of 1.26 and a beta of 0.81. iA Financial has a one year low of C$145.44 and a one year high of C$223.72. The business’s fifty day moving average price is C$205.59 and its 200-day moving average price is C$192.54.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. As a group, equities analysts expect that iA Financial will post 11.62 EPS for the current fiscal year.

Insider Transactions at iA Financial

In other news, insider Renée Laflamme sold 12,500 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the completion of the transaction, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,467,109.70. This represents a 51.77% decrease in their position. Insiders own 0.09% of the company’s stock.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc