iA Financial (TSE:IAG) Stock Price Expected to Rise, TD Securities Analyst Says

iA Financial (TSE:IAG) had its price target raised by investment analysts at TD Securities from C$146.00 to C$147.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 13.50% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Desjardins raised their target price on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. Royal Bank of Canada raised their price target on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five research 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. Based on data from MarketBeat.com, iA Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Trading Down 2.6 %

TSE:IAG traded down C$3.40 during trading hours on Tuesday, hitting C$129.51. 627,484 shares of the stock were exchanged, compared to its average volume of 243,260. The firm’s fifty day moving average price is C$131.61 and its 200 day moving average price is C$120.59. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The company has a market cap of C$12.15 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling

In other news, Senior Officer Alain Bergeron sold 510 shares of iA Financial stock in a transaction dated Tuesday, December 24th. The stock was 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 firm’s stock in a transaction that occurred 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 sold 11,010 shares of company stock valued at $1,489,142 in the last three months. 0.09% of the stock is owned by corporate 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.