Insider Selling: iA Financial (TSE:IAG) Insider Sells C$2,648,250.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the transaction, the insider directly owned 11,645 shares in the company, valued at C$2,467,109.70. This trade represents a 51.77% decrease in their position.

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

• On Friday, June 26th, Renée Laflamme sold 12,500 shares of iA Financial stock. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00.
• 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 transaction of C$1,740,400.00.

iA Financial Trading Down 1.0%

Shares of iA Financial stock traded down C$2.20 on Friday, hitting C$210.54. 132,038 shares of the company’s stock traded hands, compared to its average volume of 339,799. The firm’s 50-day moving average price is C$195.21 and its two-hundred day moving average price is C$174.75. The stock has a market capitalization of C$18.80 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. iA Financial Co. Inc. has a one year low of C$140.34 and a one year high of C$223.72. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. The business had revenue of C$3.05 billion for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. On average, research analysts expect that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Trending Headlines about iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, representing approximately 5.8% upside. BayStreet.CA analyst ratings
• Positive Sentiment: Scotiabank increased its target from C$198.52 to C$223, while Desjardins lifted its target from C$205 to C$220. Both firms see moderate upside from recent trading levels. Ticker Report analyst ratings
• Positive Sentiment: CIBC raised its target from C$208 to C$220, and National Bank Financial increased its target from C$205 to C$216, adding to the generally supportive analyst revisions. BayStreet.CA analyst ratings
• Neutral Sentiment: TD raised its target from C$214 to C$218 and retained a “hold” rating, indicating expectations for a gradual increase rather than a major revaluation. American Banking News analyst outlook
• Neutral Sentiment: RBC lifted its target sharply from C$167 to C$213 but kept a “sector perform” rating. The target is effectively close to the current share price, suggesting limited near-term upside. BayStreet.CA analyst ratings
• Negative Sentiment: The predominantly “hold” and “sector perform” recommendations, combined with relatively small target-price gains, may be tempering investor enthusiasm and weighing on IAG despite the upward revisions.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IAG. Scotiabank increased their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Scotia raised their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research note on Thursday. National Bank Financial increased their price target on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a report on Wednesday. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price objective on iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, iA Financial has a consensus rating of “Hold” and a consensus target price of C$213.61.

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