iA Financial (TSE:IAG) Announces Earnings Results

iA Financial (TSE:IAG) released its earnings results on Tuesday. The company reported C$3.68 EPS for the quarter, FiscalAI reports. iA Financial had a net margin of 9.87% and a return on equity of 12.80%.

iA Financial Trading Down 0.8%

iA Financial stock traded down C$1.67 during mid-day trading on Thursday, hitting C$211.28. 47,680 shares of the stock were exchanged, compared to its average volume of 338,816. The stock has a market capitalization of C$18.86 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.26 and a beta of 0.92. iA Financial has a 12 month low of C$140.34 and a 12 month high of C$223.72. 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’s fifty day simple moving average is C$194.37 and its two-hundred day simple moving average is C$174.48.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IAG shares. Desjardins increased their price target on shares of 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. Scotiabank boosted their price objective on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Scotia cut their target price on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce raised their target price on iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, iA Financial has an average rating of “Hold” and a consensus price target of C$190.39.

Insider Activity

In other news, insider Pierre Miron sold 15,000 shares of the stock in a transaction on 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 sale, the insider directly owned 4,900 shares in the company, valued at C$857,010. This represents a 75.38% decrease in their ownership of the stock. Also, insider Renée Laflamme sold 12,500 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,245,272.45. This trade represents a 51.77% decrease in their ownership of the stock. In the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. 0.09% of the stock is currently owned by insiders.

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