iA Financial (TSE:IAG) Insider Renée Laflamme Sells 10,000 Shares

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the completion of the sale, the insider directly owned 11,645 shares in the company, valued at approximately C$2,026,695.80. This represents a 46.20% decrease in their position.

iA Financial Stock Performance

IAG stock traded up C$1.52 during mid-day trading on Monday, hitting C$175.35. The company had a trading volume of 69,685 shares, compared to its average volume of 360,663. The firm has a market cap of C$15.65 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. 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 Co. Inc. has a 12 month low of C$133.36 and a 12 month high of C$182.99. The stock’s fifty day moving average price is C$163.76 and its two-hundred day moving average price is C$166.41.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The business had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. On average, analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IAG shares. 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. Scotiabank reduced their target price on shares of iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Scotia reduced their target price on shares of 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 downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Desjardins lifted their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Nine equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, iA Financial presently has an average rating of “Hold” and a consensus 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