Renée Laflamme Sells 10,000 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the completion of the transaction, the insider owned 11,645 shares of the company’s stock, valued at C$2,026,695.80. This trade represents a 46.20% decrease in their position.

iA Financial Stock Performance

TSE:IAG opened at C$174.03 on Wednesday. iA Financial Co. Inc. has a 1 year low of C$133.36 and a 1 year high of C$182.99. The firm has a 50 day moving average of C$164.83 and a 200-day moving average of C$166.55. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The stock has a market capitalization of C$15.54 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The business had revenue of C$2.74 billion during the quarter. As a group, sell-side analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotia cut their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. BMO Capital Markets dropped their price objective on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Desjardins boosted their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Finally, National Bank Financial dropped their price objective on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$177.78.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc