iA Financial (TSE:IAG) Insider Renée Laflamme Sells 12,500 Shares

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at C$2,245,272.45. This trade represents a 51.77% decrease in their ownership of the stock.

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 Trading Up 0.1%

Shares of TSE:IAG opened at C$195.19 on Tuesday. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The stock’s 50-day moving average is C$176.37 and its 200-day moving average is C$169.30. The company has a market cap of C$17.43 billion, a P/E ratio of 18.07, 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$196.40.

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

Analysts Set New Price Targets

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