Alain Bergeron Sells 1,300 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total transaction of C$245,960.00.

iA Financial Stock Performance

Shares of IAG stock opened at C$189.38 on Friday. The firm’s 50 day moving average is C$173.71 and its 200 day moving average is C$168.20. 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 Co. Inc. has a 12 month low of C$133.36 and a 12 month high of C$192.87. The stock has a market capitalization of C$16.91 billion, a P/E ratio of 17.54, a PEG ratio of 1.26 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD cut 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 note on Wednesday, May 6th. TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Desjardins raised their price target on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. Scotia lowered their price objective 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. Finally, National Bank Financial decreased their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, iA Financial has an average rating of “Hold” and an average target price of C$177.78.

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