iA Financial (TSE:IAG) Releases Earnings Results

iA Financial (TSE:IAG) announced its quarterly earnings results on Tuesday. The company reported C$3.68 earnings per share (EPS) for the quarter, FiscalAI reports. iA Financial had a net margin of 9.87% and a return on equity of 12.80%.

iA Financial Stock Down 0.1%

IAG stock opened at C$207.12 on Wednesday. The business has a 50 day moving average of C$193.53 and a 200 day moving average of C$174.26. The firm has a market cap of C$18.49 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. iA Financial has a twelve month low of C$135.96 and a twelve month high of C$213.16. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce upped their price target on iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Scotiabank raised their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Scotia reduced their target price 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 Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, TD increased their price target on shares of iA Financial from C$190.00 to C$214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$188.72.

Insiders Place Their Bets

In other news, insider Renée Laflamme sold 12,500 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,245,272.45. This represents a 51.77% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the transaction, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their ownership of the stock. Over the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. 0.09% of the stock is currently owned by corporate insiders.

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