iA Financial (TSE:IAG) PT Raised to C$100.00

iA Financial (TSE:IAG) had its price objective increased by analysts at Scotiabank from C$98.00 to C$100.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 9.65% from the company’s current price.

Several other research analysts have also commented on IAG. TD Securities lifted their price objective on shares of iA Financial from C$108.00 to C$110.00 in a research note on Friday, July 12th. BMO Capital Markets boosted their price objective on shares of iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. Cormark raised their price target on shares of iA Financial from C$103.00 to C$105.00 in a report on Friday, May 10th. Royal Bank of Canada upped their price target on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. Finally, CIBC upgraded iA Financial from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$97.00 to C$100.00 in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$90.50.

iA Financial Price Performance

Shares of iA Financial stock traded down C$2.16 on Thursday, hitting C$91.20. 83,048 shares of the company traded hands, compared to its average volume of 272,829. The company has a debt-to-equity ratio of 46.17, a quick ratio of 0.17 and a current ratio of 2.31. The business has a 50-day simple moving average of C$88.06 and a 200 day simple moving average of C$87.59. iA Financial has a 52 week low of C$77.61 and a 52 week high of C$94.25. The stock has a market capitalization of C$8.97 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$2.44 EPS for the quarter, beating analysts’ consensus estimates of C$2.38 by C$0.06. iA Financial had a return on equity of 10.54% and a net margin of 9.25%. The company had revenue of C$1.60 billion during the quarter. Research analysts expect that iA Financial will post 10.3022222 earnings per share for the current fiscal year.

Insider Buying and Selling at iA Financial

In related news, Director Denis Ricard sold 5,400 shares of iA Financial stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$92.00, for a total transaction of C$496,800.00. In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$93.42, for a total value of C$467,091.50. Following the sale, the insider now owns 500 shares of the company’s stock, valued at C$46,709.15. Also, Director Denis Ricard sold 5,400 shares of iA Financial stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. In the last quarter, insiders sold 31,000 shares of company stock worth $2,850,331. Insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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.