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 iA Financial stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,467,109.70. This trade represents a 51.77% decrease in their ownership of the stock.

Renée Laflamme also recently made the following trade(s):

• On Friday, June 26th, Renée Laflamme sold 12,500 shares of iA Financial stock. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00.
• 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 0.0%

Shares of IAG opened at C$212.77 on Friday. iA Financial Co. Inc. has a 1 year low of C$140.34 and a 1 year high of C$223.72. The stock has a market cap of C$18.99 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. The stock’s 50-day moving average price is C$196.02 and its two-hundred day moving average price is C$175.02.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. As a group, equities analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Trending Headlines about iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IAG shares. Scotia increased their target price on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank boosted their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. National Bank Financial upped their price objective on shares of iA Financial from C$205.00 to C$216.00 and gave the company a “sector perform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce raised their price objective on iA Financial from C$208.00 to C$220.00 in a research note on Thursday. Finally, Royal Bank Of Canada lifted their target price on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$213.61.

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