Insider Selling: iA Financial (TSE:IAG) Insider Sells C$2,623,500.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Pierre Miron sold 15,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider owned 4,900 shares in the company, valued at approximately C$857,010. This trade represents a 75.38% decrease in their ownership of the stock.

iA Financial Price Performance

Shares of IAG stock opened at C$176.50 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. iA Financial Co. Inc. has a 12-month low of C$133.36 and a 12-month high of C$182.99. The firm has a fifty day moving average of C$168.46 and a 200-day moving average of C$167.04. The firm has a market capitalization of C$15.76 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The business had revenue of C$2.74 billion during the quarter. On average, equities research analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Wall Street Analyst Weigh In

IAG has been the topic of a number of recent research reports. Scotia lowered their price objective on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Scotiabank decreased their target price on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. National Bank Financial lowered their price target on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. TD cut shares of iA Financial from a “buy” rating to a “hold” rating and cut their price target for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Finally, BMO Capital Markets reduced their price objective on shares of iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Nine equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$177.78.

iA Financial Company Profile

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