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 stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,026,695.80. This trade represents a 46.20% decrease in their position.

iA Financial Stock Performance

TSE:IAG opened at C$170.64 on Thursday. The firm has a market cap of C$15.23 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. iA Financial Co. Inc. has a fifty-two week low of C$133.36 and a fifty-two week high of C$182.99. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The business has a 50 day moving average price of C$165.25 and a 200-day moving average price of C$166.61.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Equities research analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IAG. TD lowered iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Scotiabank dropped their price objective on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. National Bank Financial cut their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Desjardins lifted their price objective on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Finally, TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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