Denis Ricard Acquires 6,000 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard purchased 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of C$152.00 per share, with a total value of C$912,000.00. Following the purchase, the director owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their position.

Denis Ricard also recently made the following trade(s):

• On Friday, December 12th, Denis Ricard sold 3,000 shares of iA Financial stock. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00.

iA Financial Trading Down 1.2%

IAG stock opened at C$149.20 on Monday. The firm has a market cap of C$13.75 billion, a PE ratio of 12.82, a PEG ratio of 1.26 and a beta of 0.99. iA Financial Co. Inc. has a 1 year low of C$115.21 and a 1 year high of C$182.99. The company has a fifty day simple moving average of C$168.11 and a 200 day simple moving average of C$163.88.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%.The business had revenue of C$3.23 billion for the quarter. As a group, analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. National Bank Financial lowered their price objective on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. TD Securities dropped their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, 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 report on Monday, January 19th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, iA Financial currently has a consensus rating of “Hold” and a consensus price target of C$176.14.

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.