iA Financial (TSE:IAG) Insider Sells C$136,780.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Alain Bergeron sold 700 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total transaction of C$136,780.00.

Alain Bergeron also recently made the following trade(s):

• On Wednesday, June 17th, Alain Bergeron sold 1,300 shares of iA Financial stock. 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

iA Financial stock opened at C$203.87 on Friday. The firm’s 50 day simple moving average is C$178.43 and its 200 day simple moving average is C$170.04. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The firm has a market capitalization of C$18.20 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. iA Financial Co. Inc. has a 1-year low of C$133.36 and a 1-year high of C$204.03.

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 business had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. As a group, analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IAG. TD lowered iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$193.00 to C$190.00 in a research note 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. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Scotia cut their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, National Bank Financial cut their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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