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 the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their ownership of the stock.

iA Financial Stock Up 0.7%

TSE:IAG traded up C$1.19 during trading hours on Friday, reaching C$176.53. The company had a trading volume of 115,084 shares, compared to its average volume of 357,042. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The firm has a market cap of C$15.76 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.26 and a beta of 0.92. The business’s 50-day simple moving average is C$167.98 and its two-hundred day simple moving average is C$166.95. iA Financial Co. Inc. has a twelve month low of C$133.36 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The business 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%. On average, equities analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAG. Scotiabank reduced their price objective on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Scotia reduced 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 report on Thursday, May 7th. 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 report on Wednesday, May 6th. Finally, Desjardins lifted 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 report on Friday, April 17th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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