Denis Ricard Purchases 6,000 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard purchased 6,000 shares of iA Financial stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of C$152.00 per share, for a total transaction of C$912,000.00. Following the completion of the transaction, the director directly owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their position.

Denis Ricard also recently made the following trade(s):

• On Friday, December 12th, Denis Ricard sold 3,000 shares of iA Financial stock. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00.

iA Financial Stock Down 1.2%

Shares of TSE IAG traded down C$1.77 during trading on Friday, reaching C$149.20. 329,765 shares of the stock were exchanged, compared to its average volume of 378,512. The company has a market capitalization of C$13.75 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The business’s 50-day moving average price is C$168.11 and its 200 day moving average price is C$163.64. iA Financial Co. Inc. has a twelve month low of C$115.21 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The business had revenue of C$3.23 billion during the quarter. As a group, sell-side analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IAG has been the subject of a number of analyst reports. Scotiabank reduced their price target on iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. TD Securities reduced their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. BMO Capital Markets decreased their price target on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the stock a “sector perform” rating in a research report on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$176.14.

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.