Insider Selling: iA Financial (TSE:IAG) Insider Sells 700 Shares

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 700 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total transaction of C$136,780.00.

Alain Bergeron also recently made the following trade(s):

• On Wednesday, June 17th, Alain Bergeron sold 1,300 shares of iA Financial stock. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00.

iA Financial Stock Up 1.7%

Shares of IAG traded up C$3.29 during midday trading on Thursday, hitting C$199.12. The stock had a trading volume of 114,777 shares, compared to its average volume of 349,347. The firm has a market cap of C$17.78 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The company has a 50 day simple moving average of C$177.31 and a two-hundred day simple moving average of C$169.63. iA Financial Co. Inc. has a twelve month low of C$133.36 and a twelve month high of C$199.40. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last posted its quarterly earnings data 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. On average, analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IAG shares. TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Scotia lowered their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. National Bank Financial reduced 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 note on Wednesday, May 6th. Finally, Desjardins lifted their target price on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$177.78.

About iA Financial

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