Pierre Miron Sells 15,000 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) insider Pierre Miron sold 15,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were 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 owned 4,900 shares in the company, valued at C$857,010. This represents a 75.38% decrease in their ownership of the stock.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$176.50 on Friday. The firm has a market capitalization of C$15.76 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.26 and a beta of 0.97. iA Financial Co. Inc. has a 52 week low of C$133.36 and a 52 week high of C$182.99. 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 firm’s 50 day moving average is C$168.46 and its two-hundred day moving average is C$167.02.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. Research analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAG. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Scotia lowered their target price 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 report on Thursday, May 7th. BMO Capital Markets lowered their target price on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. National Bank Financial lowered their target price on shares of 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. Finally, TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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