iA Financial (TSE:IAG) Insider Sells C$245,960.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 1,300 shares of iA Financial stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total transaction of C$245,960.00.

iA Financial Stock Up 0.5%

IAG traded up C$1.02 during trading hours on Friday, hitting C$191.78. 73,471 shares of the company’s stock were exchanged, compared to its average volume of 350,889. iA Financial Co. Inc. has a 12-month low of C$133.36 and a 12-month high of C$192.87. The firm has a 50 day moving average of C$173.20 and a 200 day moving average of C$168.05. The firm has a market cap of C$17.12 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. Analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on IAG. TD downgraded iA Financial from a “buy” rating to a “hold” rating and cut their price target for the stock from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Desjardins boosted their price objective on 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. BMO Capital Markets cut their target price on shares of iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Scotia reduced their target price on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, National Bank Financial decreased their price target 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 note on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, iA Financial presently has a consensus 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