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 the company’s 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 value of C$245,960.00.

iA Financial Stock Performance

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

iA Financial (TSE:IAG) last released its 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 for the quarter. Equities analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Analyst Ratings Changes

IAG has been the topic of several recent research reports. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. BMO Capital Markets reduced their target price on shares of iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotia dropped 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. Finally, National Bank Financial cut 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 report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Hold” and a consensus 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