iA Financial (TSE:IAG) Insider Philippe Sarfati Sells 2,318 Shares

iA Financial Co. Inc. (TSE:IAG) insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total value of C$380,847.40.

Philippe Sarfati also recently made the following trade(s):

• On Wednesday, November 12th, Philippe Sarfati sold 182 shares of iA Financial stock. The shares were sold at an average price of C$164.40, for a total value of C$29,920.80.
• On Wednesday, November 12th, Philippe Sarfati sold 1,250 shares of iA Financial stock. The shares were sold at an average price of C$164.33, for a total transaction of C$205,412.50.

iA Financial Price Performance

Shares of TSE:IAG traded up C$3.31 on Wednesday, reaching C$166.08. 196,245 shares of the company traded hands, compared to its average volume of 271,798. The company’s 50 day moving average is C$158.30 and its 200-day moving average is C$148.05. The stock has a market capitalization of C$15.30 billion, a PE ratio of 15.51, a P/E/G ratio of 1.26 and a beta of 0.87. iA Financial Co. Inc. has a fifty-two week low of C$115.21 and a fifty-two week high of C$175.21.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. National Bankshares upped their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Scotiabank upgraded iA Financial to a “strong-buy” rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price objective on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. Cormark downgraded shares of iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Desjardins lifted their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.