iA Financial (TSE:IAG) Insider Alain Bergeron Sells 1,300 Shares

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 1,300 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00.

iA Financial Price Performance

Shares of IAG stock opened at C$189.38 on Friday. The stock’s 50-day moving average is C$173.71 and its 200 day moving average is C$168.20. iA Financial Co. Inc. has a 1-year low of C$133.36 and a 1-year high of C$192.87. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The company has a market cap of C$16.91 billion, a P/E ratio of 17.54, a PEG ratio of 1.26 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IAG shares. Scotia lowered 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 downgraded iA Financial from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. National Bank Financial reduced their target price on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Desjardins increased their price target on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Hold” and a consensus price target of C$177.78.

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