iA Financial (TSE:IAG – Get Free Report) had its price target increased by research analysts at TD Securities from C$108.00 to C$110.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 24.70% from the company’s previous close.
IAG has been the topic of several other research reports. Royal Bank of Canada boosted their target price on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. Cormark boosted their target price on shares of iA Financial from C$103.00 to C$105.00 in a report on Friday, May 10th. BMO Capital Markets boosted their target price on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. Finally, CIBC raised shares of iA Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$97.00 to C$100.00 in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.94.
Get Our Latest Stock Analysis on iA Financial
iA Financial Stock Performance
iA Financial (TSE:IAG – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$2.44 earnings per share for the quarter, beating the consensus estimate of C$2.38 by C$0.06. iA Financial had a net margin of 9.25% and a return on equity of 10.54%. The business had revenue of C$1.60 billion for the quarter. Equities research analysts predict that iA Financial will post 10.3022222 EPS for the current year.
Insider Buying and Selling
In other iA Financial news, Director Denis Ricard sold 5,400 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total transaction of C$496,800.00. In related news, Director Denis Ricard sold 5,400 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. Also, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$90.41, for a total transaction of C$452,070.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at C$45,207. Insiders sold a total of 31,000 shares of company stock valued at $2,850,331 over the last three months. 0.09% of the stock is owned by company insiders.
About iA Financial
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.
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