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 stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the transaction, the insider owned 11,645 shares in the company, valued at C$2,245,272.45. This 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 Price Performance

Shares of iA Financial stock traded up C$0.01 on Monday, reaching C$195.00. The company’s stock had a trading volume of 95,385 shares, compared to its average volume of 351,654. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The company has a market capitalization of C$17.41 billion, a P/E ratio of 18.06, a PEG ratio of 1.26 and a beta of 0.97. The stock has a 50-day moving average price of C$175.89 and a 200-day moving average price of C$169.11. iA Financial Co. Inc. has a 52-week low of C$133.36 and a 52-week high of C$196.40.

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

Wall Street Analysts Forecast Growth

IAG has been the topic of several recent analyst reports. TD downgraded shares of iA Financial from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$193.00 to C$190.00 in a report on Wednesday, May 6th. National Bank Financial cut their target price 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 note on Wednesday, May 6th. Desjardins upped their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Scotia decreased their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Finally, TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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