Desjardins Analysts Give IA Financial Group (IAG) a C$60.00 Price Target

Desjardins set a C$60.00 price target on IA Financial Group (TSE:IAG) in a report issued on Thursday, April 12th. Desjardins also issued estimates for IA Financial Group’s Q1 2018 earnings at $1.21 EPS, Q2 2018 earnings at $1.32 EPS, Q3 2018 earnings at $1.41 EPS and Q4 2018 earnings at $1.42 EPS.

Other analysts have also issued reports about the stock. Scotiabank reduced their price objective on shares of IA Financial Group from C$68.00 to C$65.00 and set a sector perform rating for the company in a research note on Friday, February 16th. National Bank Financial restated a sector perform rating and set a C$66.00 price objective on shares of IA Financial Group in a research note on Thursday, March 8th. CIBC upgraded shares of IA Financial Group from a neutral rating to an outperform rating and raised their price objective for the company from C$64.00 to C$66.00 in a research note on Friday, February 16th. BMO Capital Markets set a C$60.00 price objective on shares of IA Financial Group in a research note on Thursday, March 8th. Finally, Royal Bank of Canada raised their price objective on shares of IA Financial Group from C$65.00 to C$66.00 and gave the company a sector perform rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$63.75.

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Shares of IA Financial Group stock traded up C$0.10 during trading on Thursday, hitting C$52.22. The company’s stock had a trading volume of 138,506 shares, compared to its average volume of 223,050. IA Financial Group has a 52 week low of C$48.74 and a 52 week high of C$62.01.

IA Financial Group (TSE:IAG) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.32 by C($0.05). The business had revenue of C$3.68 billion during the quarter. IA Financial Group had a return on equity of 11.25% and a net margin of 3.75%.

In other IA Financial Group news, Director Yvon Charest acquired 750 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price of C$54.01 per share, with a total value of C$40,507.50. Also, insider Denis Ricard acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was acquired at an average cost of C$54.00 per share, for a total transaction of C$108,000.00. In the last ninety days, insiders have bought 11,350 shares of company stock worth $465,482 and have sold 11,000 shares worth $593,400.

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IA Financial Group Company Profile

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.

Analyst Recommendations for IA Financial Group (TSE:IAG)

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