iA Financial (TSE:IAG) Insider Pierre Miron Sells 15,000 Shares

iA Financial Co. Inc. (TSE:IAG) insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the transaction, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. The trade was a 75.38% decrease in their position.

iA Financial Price Performance

Shares of TSE IAG opened at C$176.50 on Friday. iA Financial Co. Inc. has a fifty-two week low of C$133.36 and a fifty-two week high of C$182.99. The stock has a market cap of C$15.76 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.26 and a beta of 0.97. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The firm’s 50-day simple moving average is C$168.46 and its 200 day simple moving average is C$167.02.

iA Financial (TSE:IAG) last announced 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 business had revenue of C$2.74 billion for the quarter. As a group, research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on IAG. Scotia dropped their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and dropped their price target for the company from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. BMO Capital Markets dropped their price target on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. National Bank Financial dropped their price target on shares of 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. Finally, Desjardins raised their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently 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