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

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

Several other equities analysts have also weighed in on the stock. BMO Capital Markets upped 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. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. National Bankshares upped their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. CIBC upped their price objective on shares of iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. Finally, Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$140.63.

iA Financial Price Performance

Shares of iA Financial stock traded down C$3.53 during trading 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. The stock has a market cap of C$12.21 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$141.88. The stock has a 50-day moving average price of C$131.86 and a two-hundred day moving average price of C$119.78.

Insiders Place Their Bets

In other news, Senior Officer Alain Bergeron sold 510 shares of the 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. Also, 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 transaction of C$685,000.00. In the last ninety days, insiders sold 11,010 shares of company stock valued at $1,489,142. 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.