iA Financial (TSE:IAG) Director Denis Ricard Acquires 6,000 Shares

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard purchased 6,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of C$152.00 per share, for a total transaction of C$912,000.00. Following the acquisition, the director owned 56,000 shares of the company’s stock, valued at C$8,512,000. This trade represents a 12.00% increase in their position.

Denis Ricard also recently made the following trade(s):

• On Friday, December 12th, Denis Ricard sold 3,000 shares of iA Financial stock. The shares were sold at an average price of C$175.25, for a total value of C$525,750.00.

iA Financial Trading Down 1.2%

Shares of IAG stock opened at C$149.20 on Friday. iA Financial Co. Inc. has a 1-year low of C$115.21 and a 1-year high of C$182.99. The stock has a market cap of C$13.75 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.26 and a beta of 0.99. The stock has a 50-day moving average of C$168.11 and a 200-day moving average of C$163.76.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, February 17th. The company reported C$3.10 EPS for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%.The company had revenue of C$3.23 billion for the quarter. Sell-side analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. National Bank Financial reduced their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the company a “sector perform” rating in a report on Monday, January 19th. TD Securities cut their price target on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Scotiabank decreased their price target on iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$176.14.

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.