iA Financial (TSE:IAG) Posts Earnings Results

iA Financial (TSE:IAG) announced its quarterly earnings data on Tuesday. The company reported C$3.10 earnings per share for the quarter, FiscalAI reports. iA Financial had a return on equity of 13.73% and a net margin of 6.85%.The firm had revenue of C$3.23 billion during the quarter.

iA Financial Trading Up 1.2%

TSE:IAG traded up C$2.04 on Tuesday, hitting C$170.06. 523,411 shares of the company’s stock traded hands, compared to its average volume of 297,769. The company has a market cap of C$15.67 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. iA Financial has a 1 year low of C$115.21 and a 1 year high of C$182.99. The firm has a 50-day moving average price of C$174.07 and a 200-day moving average price of C$163.03.

Insider Activity at iA Financial

In related news, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the sale, the director owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. The trade was a 5.66% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Securities raised their price objective on shares of iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Scotiabank boosted their price objective on iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. BMO Capital Markets upped their price objective on iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Finally, National Bank Financial raised their target price on iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, iA Financial has an average rating of “Hold” and an average target price of C$175.86.

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.