iA Financial (TSE:IAG) Given New C$144.00 Price Target at CIBC

iA Financial (TSE:IAG) had its price objective lifted by investment analysts at CIBC from C$143.00 to C$144.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 7.29% from the company’s previous close.

Several other analysts have also recently weighed in on IAG. Scotiabank lifted their price objective on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. Finally, Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Four 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 stock. According to data from MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$129.88.

iA Financial Price Performance

iA Financial stock opened at C$134.21 on Thursday. The company has a market capitalization of C$12.77 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.26 and a beta of 1.13. The stock’s 50 day moving average is C$132.68 and its 200-day moving average is C$115.95. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$138.01.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 EPS for the quarter, beating analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. Equities research analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78. Also, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Insiders have sold a total of 58,010 shares of company stock worth $7,675,070 over the last 90 days. Insiders own 0.09% of the company’s stock.

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.