iA Financial (TSE:IAG) Given New C$145.00 Price Target at Desjardins

iA Financial (TSE:IAG) had its target price lifted by research analysts at Desjardins from C$140.00 to C$145.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective points to a potential upside of 11.39% from the stock’s current price.

IAG has been the subject of a number of other reports. National Bankshares raised their price target on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. BMO Capital Markets raised their price target 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. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, CIBC raised their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a report on Thursday. Five equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$140.63.

iA Financial Stock Down 2.6 %

Shares of iA Financial stock traded down C$3.53 during trading hours on Thursday, hitting C$130.17. The company’s stock had a trading volume of 165,944 shares, compared to its average volume of 199,794. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$141.88. The business has a fifty day moving average of C$131.86 and a 200 day moving average of C$119.78. The company has a market capitalization of C$12.21 billion, a PE ratio of 12.40, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling at iA Financial

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

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.