iA Financial (TSE:IAG) Given New C$141.00 Price Target at Royal Bank of Canada

iA Financial (TSE:IAG) had its price target boosted by analysts at Royal Bank of Canada from C$137.00 to C$141.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 8.32% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Cormark raised their price objective on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. National Bankshares raised their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$140.63.

iA Financial Stock Down 2.6 %

iA Financial stock traded down C$3.53 during mid-day trading on Thursday, reaching C$130.17. 165,944 shares of the company’s stock were exchanged, compared to its average volume of 199,794. The company has a market cap of C$12.21 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The company has a fifty day moving average of C$131.86 and a 200-day moving average of C$119.78.

Insider Activity at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of the 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. Also, Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction that occurred 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. Insiders sold 11,010 shares of company stock worth $1,489,142 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

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.