iA Financial (TSE:IAG – Get Rating) had its price objective dropped by National Bank Financial from C$5.00 to C$4.75 in a research note issued on Wednesday, The Fly reports. National Bank Financial’s price objective suggests a potential downside of 94.54% from the stock’s previous close. National Bank Financial also issued estimates for iA Financial’s Q4 2023 earnings at $2.37 EPS.
Several other research analysts have also issued reports on IAG. BMO Capital Markets raised their price target on shares of iA Financial from C$94.00 to C$99.00 in a report on Thursday, February 16th. Royal Bank of Canada increased their price objective on iA Financial from C$89.00 to C$95.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Cormark raised their price target on shares of iA Financial from C$87.00 to C$95.00 in a research report on Monday, January 23rd. Scotiabank increased their price objective on shares of iA Financial from C$102.00 to C$104.00 in a research note on Thursday, February 16th. Finally, CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$85.00 to C$96.00 in a research note on Thursday, February 16th.
iA Financial Stock Performance
Shares of IAG opened at C$86.95 on Wednesday. iA Financial has a 12 month low of C$59.61 and a 12 month high of C$93.15. The company has a current ratio of 0.85, a quick ratio of 0.17 and a debt-to-equity ratio of 46.64. The firm has a fifty day simple moving average of C$85.91 and a 200 day simple moving average of C$82.10. The stock has a market capitalization of C$9.11 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.26 and a beta of 1.18.
Insider Buying and Selling
In related news, Senior Officer Alain Bergeron sold 9,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of C$82.48, for a total value of C$783,545.75. In related news, Senior Officer Alain Bergeron sold 9,500 shares of iA Financial stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of C$82.48, for a total value of C$783,545.75. Also, Senior Officer Denis Ricard sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of C$89.65, for a total transaction of C$896,500.00. 0.14% of the stock is currently owned by corporate insiders.
About iA Financial
iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.
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