iA Financial (TSE:IAG) Insider Sells C$2,623,500.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Pierre Miron sold 15,000 shares of iA Financial stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the transaction, the insider directly owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This trade represents a 75.38% decrease in their position.

iA Financial Stock Performance

Shares of IAG stock traded up C$1.19 during midday trading on Friday, hitting C$176.53. 115,084 shares of the company were exchanged, compared to its average volume of 357,042. The firm has a market capitalization of C$15.76 billion, a P/E ratio of 16.35, a PEG ratio of 1.26 and a beta of 0.92. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The firm’s 50 day moving average price is C$167.98 and its two-hundred day moving average price is C$166.95. iA Financial Co. Inc. has a 52 week low of C$133.36 and a 52 week high of C$182.99.

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. The firm 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%. As a group, equities research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank cut their price target on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. Scotia lowered their price objective on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research 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 note on Thursday, February 19th. Desjardins increased their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat, iA Financial 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