Denis Ricard Sells 3,000 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at C$8,762,500. This trade represents a 5.66% decrease in their position.

iA Financial Stock Performance

IAG stock traded up C$1.24 on Monday, hitting C$176.04. 112,867 shares of the company’s stock were exchanged, compared to its average volume of 283,857. The firm has a 50 day moving average price of C$163.78 and a two-hundred day moving average price of C$152.77. iA Financial Co. Inc. has a 12-month low of C$115.21 and a 12-month high of C$177.56. The stock has a market cap of C$16.22 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share (EPS) for the quarter. The firm had revenue of C$6.67 billion for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. Sell-side analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IAG shares. National Bankshares lifted their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. CIBC raised their target price on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their price target on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. Desjardins increased their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, BMO Capital Markets lifted their target price on iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$165.43.

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.