iA Financial (TSE:IAG) Price Target Raised to C$147.00

iA Financial (TSE:IAG) had its price objective boosted by analysts at TD Securities from C$146.00 to C$147.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 11.37% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. CIBC lifted their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Cormark lifted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bankshares lifted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Desjardins boosted their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$131.99 on Tuesday. The stock has a market capitalization of C$12.38 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The company has a 50-day simple moving average of C$131.57 and a two-hundred day simple moving average of C$121.12.

Insider Buying and Selling

In other iA Financial news, Senior Officer Alain Bergeron sold 510 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Over the last quarter, insiders sold 11,010 shares of company stock worth $1,489,167. 0.09% of the stock is owned by 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.