iA Financial (TSE:IAG) Insider Sells C$2,410,125.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the completion of the sale, the insider directly owned 11,645 shares in the company, valued at C$2,245,272.45. This trade represents a 51.77% decrease in their position.

Renée Laflamme also recently made the following trade(s):

• On Friday, May 22nd, Renée Laflamme sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$174.04, for a total value of C$1,740,400.00.

iA Financial Stock Performance

TSE:IAG opened at C$195.83 on Thursday. The company has a market capitalization of C$17.48 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. iA Financial Co. Inc. has a 52-week low of C$133.36 and a 52-week high of C$196.40. The stock has a fifty day simple moving average of C$177.31 and a 200-day simple moving average of C$169.63.

iA Financial (TSE:IAG) last issued its quarterly earnings data 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 firm had revenue of C$2.74 billion for the quarter. On average, equities research analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IAG. Desjardins raised their price objective 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. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD downgraded iA Financial from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Scotia cut their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, National Bank Financial reduced their price objective 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. Nine equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, iA Financial presently has an average rating of “Hold” and an average 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