iA Financial (TSE:IAG) Given New C$179.00 Price Target at National Bank Financial

iA Financial (TSE:IAG) had its target price reduced by research analysts at National Bank Financial from C$181.00 to C$179.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 12.66% from the company’s current price.

A number of other research analysts also recently commented on IAG. Desjardins increased their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Scotia increased their target price on shares of iA Financial from C$174.00 to C$183.00 in a research report on Wednesday, April 29th. TD downgraded shares of iA Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from C$193.00 to C$190.00 in a research report on Wednesday. TD Securities dropped their target price on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Scotiabank dropped their target price on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$179.44.

iA Financial Stock Performance

Shares of TSE:IAG traded down C$17.12 during trading hours on Wednesday, reaching C$158.88. The stock had a trading volume of 580,401 shares, compared to its average volume of 357,144. iA Financial has a 1 year low of C$129.24 and a 1 year high of C$182.99. The firm’s 50 day moving average is C$159.56 and its 200-day moving average is C$165.73. The stock has a market capitalization of C$14.43 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The company had revenue of C$2.74 billion for the quarter. Analysts forecast that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard acquired 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were bought at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the transaction, the director owned 56,000 shares of the company’s stock, valued at approximately C$8,512,000. This trade represents a 12.00% increase in their position. Also, insider Ï¿½Ric Jobin acquired 1,000 shares of the stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of C$151.82 per share, for a total transaction of C$151,820.00. Following the completion of the transaction, the insider directly owned 1,941 shares in the company, valued at C$294,682.62. The trade was a 106.27% increase in their position. Company insiders own 0.09% of the company’s stock.

About iA Financial

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