iA Financial (TSE:IAG) Insider Alain Bergeron Sells 700 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 700 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total value of C$136,780.00.

Alain Bergeron also recently made the following trade(s):

• On Wednesday, June 17th, Alain Bergeron sold 1,300 shares of iA Financial stock. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00.

iA Financial Trading Up 1.9%

Shares of TSE:IAG opened at C$199.57 on Friday. The firm has a fifty day moving average of C$177.83 and a two-hundred day moving average of C$169.80. 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 12-month low of C$133.36 and a 12-month high of C$199.64. The firm has a market capitalization of C$17.82 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share 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 for the quarter. On average, equities analysts expect that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Desjardins raised their price objective 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. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. TD lowered iA Financial from a “buy” rating to a “hold” rating and cut their target price for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. National Bank Financial dropped their price target on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, Scotia cut their price objective 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. Nine investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average 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