iA Financial (TSE:IAG) Stock Price Down 10.8% – Should You Sell?

iA Financial Co. Inc. (TSE:IAG)’s stock price traded down 10.8% on Wednesday . The stock traded as low as C$151.23 and last traded at C$151.66. 326,179 shares traded hands during trading, an increase of 11% from the average session volume of 293,670 shares. The stock had previously closed at C$170.06.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IAG shares. Canadian Imperial Bank of Commerce cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets raised their price objective on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. TD Securities boosted their target price on iA Financial from C$178.00 to C$192.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the stock a “sector perform” rating in a report on Monday, January 19th. Finally, Scotiabank boosted their price objective on iA Financial from C$179.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$175.86.

iA Financial Price Performance

The stock has a market cap of C$13.75 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The business has a fifty day moving average of C$174.07 and a 200-day moving average of C$163.03.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%.The business had revenue of C$3.23 billion during the quarter. As a group, equities research analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insider Transactions at iA Financial

In other iA Financial news, Director Denis Ricard sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their position. 0.09% of the stock is currently owned by insiders.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.