Insider Selling: iA Financial (TSE:IAG) Insider Sells C$1,740,400.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the completion of the transaction, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,026,695.80. This represents a 46.20% decrease in their position.

iA Financial Price Performance

IAG stock traded up C$1.52 during midday trading on Monday, reaching C$175.35. The company had a trading volume of 69,685 shares, compared to its average volume of 360,663. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. iA Financial Co. Inc. has a 1 year low of C$133.36 and a 1 year high of C$182.99. The company has a market capitalization of C$15.65 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.26 and a beta of 0.92. The firm has a 50-day moving average price of C$163.76 and a 200-day moving average price of C$166.41.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 EPS 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 during the quarter. On average, research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on IAG. Scotiabank cut their price target on shares of iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Desjardins boosted their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a report on Friday, April 17th. BMO Capital Markets lowered their price objective on shares of iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. National Bank Financial lowered their price objective on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Scotia lowered their price objective on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, iA Financial presently has an average rating of “Hold” and a consensus target price of C$177.78.

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