Key Points
- Insider selling: iA Financial insider Renée Laflamme sold 10,000 shares at an average price of C$174.04, reducing her stake by 46.2% to 11,645 shares.
- Stock and valuation: IAG shares were up 1.2% and last traded at C$175.85, near the top of their 52-week range of C$133.36 to C$182.99. The company has a market cap of C$15.7 billion and a trailing P/E of 16.28.
- Analyst sentiment: Recent analyst moves have leaned cautious, with several firms cutting ratings or price targets. The stock currently carries an average Hold rating and a consensus target price of C$177.78.
iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider Renée Laflamme sold 10,000 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the completion of the transaction, the insider owned 11,645 shares in the company, valued at C$2,026,695.80. The trade was a 46.20% decrease in their position.
iA Financial Stock Up 1.2%
IAG stock opened at C$175.85 on Tuesday. iA Financial Co. Inc. has a 52 week low of C$133.36 and a 52 week high of C$182.99. The business has a 50-day simple moving average of C$164.30 and a 200 day simple moving average of C$166.47. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The company has a market cap of C$15.70 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.
iA Financial (TSE:IAG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. The firm had revenue of C$2.74 billion for the quarter. Sell-side analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.
Wall Street Analyst Weigh In
IAG has been the topic of a number of recent analyst reports. TD cut shares of iA Financial from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Desjardins raised their target price on iA Financial from C$173.00 to C$174.00 and gave the company a "hold" rating in a report on Friday, April 17th. TD Securities lowered iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 6th. National Bank Financial lowered their price target on iA Financial from C$181.00 to C$179.00 and set a "sector perform" rating for the company in a report on Wednesday, May 6th. Finally, Scotia dropped their price objective on iA Financial from C$183.00 to C$168.00 and set a "sector perform" rating for the company in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$177.78.
Get Our Latest Analysis on iA Financial
About iA Financial
(
Get Free Report)
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
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