Key Points
- Denis Ricard, a director of iA Financial, sold 3,000 shares on December 12 at an average price of C$175.25 for C$525,750 and now holds 50,000 shares, a 5.66% reduction valued at about C$8.76M.
- The stock is trading near its 52‑week high (opened C$176.13; 52‑week high C$177.56) with a market cap of C$16.23B and a PE of 15.13, and the company reported quarterly EPS of C$3.47; analysts' consensus is a Moderate Buy with an average target of C$165.43 after several upward revisions.
iA Financial Co. Inc. (TSE:IAG - Get Free Report) Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their position.
iA Financial Stock Performance
Shares of IAG stock opened at C$176.13 on Tuesday. The stock has a fifty day simple moving average of C$164.08 and a two-hundred day simple moving average of C$153.02. The firm has a market capitalization of C$16.23 billion, a PE ratio of 15.13, a PEG ratio of 1.26 and a beta of 0.90. iA Financial Co. Inc. has a 52-week low of C$115.21 and a 52-week high of C$177.56.
iA Financial (TSE:IAG - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%.The firm had revenue of C$6.67 billion during the quarter. On average, sell-side analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
IAG has been the subject of a number of research analyst reports. National Bankshares increased their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the company a "sector perform" rating in a report on Monday, October 20th. Royal Bank Of Canada raised their target price on shares of iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. TD Securities boosted their price target on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Desjardins raised their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a "hold" rating in a research report on Wednesday, October 15th. Finally, CIBC lifted their target price on iA Financial from C$150.00 to C$173.00 and gave the stock an "outperform" rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, iA Financial has an average rating of "Moderate Buy" and a consensus price target of C$165.43.
Check Out Our Latest Stock Report on iA Financial
About iA Financial
(
Get Free Report)
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.
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