CIBC Raises iA Financial (TSE:IAG) Price Target to C$143.00

iA Financial (TSE:IAG) had its price objective upped by research analysts at CIBC from C$133.00 to C$143.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 9.90% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. TD Securities raised their price target on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$129.75.

iA Financial Stock Performance

iA Financial stock traded up C$1.31 during trading hours on Wednesday, hitting C$130.12. 86,037 shares of the stock traded hands, compared to its average volume of 283,916. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$134.29. The stock has a market capitalization of C$12.38 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.26 and a beta of 1.13. The firm’s 50 day moving average price is C$113.41 and its 200-day moving average price is C$98.01.

Insiders Place Their Bets

In other news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50. In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$129.23, for a total value of C$1,938,415.50. Insiders sold a total of 26,000 shares of company stock worth $3,379,016 over the last 90 days. Corporate 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.