iA Financial (TSE:IAG) Releases Earnings Results

iA Financial (TSE:IAG) posted its quarterly earnings data on Tuesday. The company reported C$3.10 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$3.23 billion for the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$151.34 on Thursday. The firm has a market cap of C$13.95 billion, a PE ratio of 13.00, a P/E/G ratio of 1.26 and a beta of 1.02. The business’s 50 day simple moving average is C$173.68 and its 200 day simple moving average is C$162.95. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.99.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction that occurred on 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 sale, the director directly owned 50,000 shares in the company, valued at C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IAG has been the subject of several analyst reports. National Bank Financial lowered their price target on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research report on Wednesday. TD Securities lowered their price target on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets lifted their price objective on iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, 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 report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$178.14.

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.