iA Financial (TSE:IAG) Downgraded by TD to Hold

TD lowered shares of iA Financial (TSE:IAG) from a buy rating to a hold rating in a research report report published on Wednesday,BayStreet.CA reports. TD currently has C$190.00 target price on the stock, down from their previous target price of C$193.00.

Several other equities analysts also recently weighed in on the company. TD Securities dropped their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Scotia increased their price target on shares of iA Financial from C$174.00 to C$183.00 in a research report on Wednesday, April 29th. Scotiabank reduced their price target on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Desjardins raised their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, iA Financial presently has an average rating of “Hold” and a consensus target price of C$179.44.

iA Financial Stock Down 9.5%

TSE:IAG opened at C$159.21 on Wednesday. iA Financial has a 52 week low of C$129.24 and a 52 week high of C$182.99. The stock’s fifty day moving average is C$159.67 and its two-hundred day moving average is C$165.75. The stock has a market capitalization of C$14.46 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The business had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. On average, sell-side analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling at iA Financial

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