Renée Laflamme Sells 12,500 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 12,500 shares of the company’s 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 in the company, valued at C$2,467,109.70. This represents a 51.77% decrease in their position.

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 Price Performance

IAG opened at C$212.77 on Friday. iA Financial Co. Inc. has a 12 month low of C$140.34 and a 12 month high of C$223.72. The stock has a market capitalization of C$18.81 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.26 and a beta of 0.92. The business has a fifty day moving average price of C$196.02 and a 200 day moving average price of C$175.02.

iA Financial (TSE:IAG) last posted its quarterly 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 for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. On average, research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Analyst Ratings Changes

IAG has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday. National Bank Financial increased 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. Scotiabank raised their price objective 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. TD lifted their price objective on shares of iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their target price on shares of iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$213.61.

Key Stories Impacting 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.

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