iA Financial (TSE:IAG) Releases Earnings Results

iA Financial (TSE:IAG) posted its quarterly earnings data on Tuesday. The company reported C$3.10 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$3.23 billion during the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%.

iA Financial Price Performance

TSE:IAG opened at C$170.06 on Wednesday. The stock has a market cap of C$15.67 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. iA Financial has a fifty-two week low of C$115.21 and a fifty-two week high of C$182.99. The stock’s 50-day moving average is C$174.07 and its two-hundred day moving average is C$163.03.

Insider Activity

In related news, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank boosted their price target on shares of iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. BMO Capital Markets upped their target price on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the company a “sector perform” rating in a research note on Monday, January 19th. TD Securities boosted their price objective on iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$175.86.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.