iA Financial (TSE:IAG) Price Target Raised to C$149.00 at CIBC

iA Financial (TSE:IAG) had its target price boosted by investment analysts at CIBC from C$144.00 to C$149.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 17.21% from the company’s current price.

A number of other analysts also recently issued reports on IAG. Cormark lifted their target price on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Scotiabank cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a report on Thursday. National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.63.

iA Financial Trading Down 1.6 %

Shares of IAG stock opened at C$127.12 on Thursday. The firm’s fifty day moving average price is C$131.62 and its two-hundred day moving average price is C$120.30. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$141.88. The firm has a market capitalization of C$11.93 billion, a P/E ratio of 12.11, a PEG ratio of 1.26 and a beta of 1.13.

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total transaction of C$368,500.00. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at C$67,000. This trade represents a 84.62 % decrease in their ownership of the stock. Also, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Insiders sold a total of 11,010 shares of company stock valued at $1,489,142 over the last ninety days. 0.09% of the stock is currently owned by company insiders.

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.