iA Financial (TSE:IAG) Price Target Raised to C$213.00

iA Financial (TSE:IAG) had its price objective increased by Royal Bank Of Canada from C$167.00 to C$213.00 in a research report report published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

IAG has been the subject of several other reports. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce raised their price target on iA Financial from C$180.00 to C$208.00 in a research report on Wednesday, July 15th. TD lifted their price target on iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research note on Wednesday. Scotia cut their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, Scotiabank increased their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$213.61.

iA Financial Price Performance

Shares of iA Financial stock opened at C$212.77 on Thursday. iA Financial has a 1 year low of C$140.34 and a 1 year high of C$223.72. The firm has a market cap of C$18.99 billion, a PE ratio of 19.70, a PEG ratio of 1.26 and a beta of 0.92. The company has a 50 day simple moving average of C$196.02 and a two-hundred day simple moving average of C$175.02.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. The firm had revenue of C$3.05 billion for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. As a group, research analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling at iA Financial

In other news, insider Alain Bergeron sold 700 shares of iA Financial stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total value of C$136,780.00. Also, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the sale, the insider directly owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This trade represents a 75.38% decrease in their position. Insiders sold a total of 52,000 shares of company stock worth $9,805,015 over the last three months. Company insiders own 0.09% of the company’s stock.

iA Financial News Summary

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

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