iA Financial (TSE:IAG) Releases Earnings Results

iA Financial (TSE:IAG) posted its quarterly earnings results on Tuesday. The company reported C$3.68 earnings per share for the quarter, FiscalAI reports. iA Financial had a net margin of 9.87% and a return on equity of 12.80%.

iA Financial Stock Down 0.1%

Shares of TSE IAG traded down C$0.15 during mid-day trading on Tuesday, reaching C$207.12. 455,990 shares of the company’s stock were exchanged, compared to its average volume of 339,606. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. iA Financial has a twelve month low of C$135.96 and a twelve month high of C$213.16. The business has a fifty day simple moving average of C$192.86 and a 200 day simple moving average of C$174.05. The firm has a market capitalization of C$18.49 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.26 and a beta of 0.91.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IAG shares. Scotia lowered their target price on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Scotiabank raised their target price on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. National Bank Financial raised their target price on shares of iA Financial from C$179.00 to C$205.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. TD increased their price objective on shares of iA Financial from C$190.00 to C$214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, iA Financial currently has a consensus rating of “Hold” and an average target price of C$188.72.

Insider Buying and Selling

In other news, insider Alain Bergeron sold 1,300 shares of iA Financial stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. Also, insider Pierre Miron sold 15,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the transaction, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. The trade was a 75.38% decrease in their position. Over the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. 0.09% of the stock is owned by company insiders.

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