iA Financial (TSE:IAG) Price Target Raised to C$150.00

iA Financial (TSE:IAG) had its price target raised by research analysts at BMO Capital Markets from C$140.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 15.23% from the stock’s current price.

IAG has been the topic of a number of other research reports. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. TD Securities upped their price target on shares of iA Financial from C$143.00 to C$146.00 and gave the company a “buy” rating in a report on Wednesday. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, CIBC raised their price target on shares of iA Financial from C$143.00 to C$144.00 in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Price Performance

IAG traded down C$3.53 on Thursday, hitting C$130.17. The company had a trading volume of 165,944 shares, compared to its average volume of 199,794. The stock has a fifty day simple moving average of C$131.86 and a 200-day simple moving average of C$119.78. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The firm has a market capitalization of C$12.21 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at C$67,000. This represents a 84.62 % decrease in their position. Insiders have sold a total of 11,010 shares of company stock valued at $1,489,142 over the last ninety days. Corporate 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.