iA Financial (TSE:IAG) Stock Rating Lowered by National Bank Financial

iA Financial (TSE:IAG) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other research firms have also recently weighed in on IAG. Royal Bank of Canada increased their price objective on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. CIBC increased their price objective on iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. National Bankshares cut iA Financial from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$102.00 to C$118.00 in a research report on Friday. TD Securities raised their target price on iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets raised their target price on iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, iA Financial has a consensus rating of “Hold” and an average target price of C$107.25.

iA Financial Trading Down 2.5 %

Shares of IAG stock opened at C$112.94 on Thursday. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$119.25. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The business’s 50 day moving average is C$108.61 and its two-hundred day moving average is C$94.83. The company has a market cap of C$10.75 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The company had revenue of C$1.64 billion during the quarter. Equities analysts predict that iA Financial will post 11.6187564 EPS for the current year.

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.