iA Financial (TSE:IAG) Insider Sells C$2,410,125.00 in Stock

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

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

• On Friday, May 22nd, Renée Laflamme sold 10,000 shares of iA Financial stock. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00.

iA Financial Stock Performance

Shares of TSE:IAG traded up C$0.01 during trading on Monday, hitting C$195.00. The stock had a trading volume of 95,385 shares, compared to its average volume of 351,654. The company has a quick ratio of 0.17, a current ratio of 0.60 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$196.40. The stock has a market capitalization of C$17.41 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The stock has a 50-day simple moving average of C$175.89 and a two-hundred day simple moving average of C$169.11.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IAG. Scotia decreased 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 report on Thursday, May 7th. National Bank Financial cut their price target on 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 Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. TD cut iA Financial from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Finally, Desjardins upped their target price on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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