Key Points
- Insider Renée Laflamme sold 12,500 iA Financial shares at an average C$211.86, totaling approximately C$2.65 million. The transaction reduced her direct ownership by 51.77% to 11,645 shares.
- Laflamme also sold 12,500 shares in June and 10,000 in May, indicating continued insider selling as iA Financial trades near its one-year high of C$223.72.
- Analysts have raised price targets, but most maintain “hold” or “sector perform” ratings; the stock’s average target is C$213.61. iA Financial recently reported quarterly earnings of C$3.68 per share on C$3.05 billion in revenue.
iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider Renée Laflamme sold 12,500 shares of the company's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the transaction, the insider directly owned 11,645 shares of the company's stock, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock.
Renée Laflamme also recently made the following trade(s):
- On Friday, June 26th, Renée Laflamme sold 12,500 shares of iA Financial stock. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00.
- On Friday, May 22nd, Renée Laflamme sold 10,000 shares of iA Financial stock. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00.
iA Financial Price Performance
IAG opened at C$212.77 on Friday. The company has a market capitalization of C$18.99 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.26 and a beta of 0.92. The business's 50-day moving average price is C$196.02 and its two-hundred day moving average price is C$175.02. iA Financial Co. Inc. has a 1 year low of C$140.34 and a 1 year high of C$223.72.
iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. Sell-side analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.
Key Headlines Impacting iA Financial
Here are the key news stories impacting iA Financial this week:
- Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
- Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
- Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.
Wall Street Analyst Weigh In
IAG has been the subject of several research reports. Scotia raised their price target on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a "sector perform" rating in a research note on Thursday. TD Securities lowered shares of iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their target price on shares of iA Financial from C$208.00 to C$220.00 in a report on Thursday. National Bank Financial increased their target price on shares of iA Financial from C$205.00 to C$216.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, Desjardins raised their target price on shares of iA Financial from C$205.00 to C$220.00 and gave the company a "hold" rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$213.61.
Read Our Latest Report on iA Financial
iA Financial Company Profile
(
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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