Insider Buying: iA Financial (TSE:IAG) Director Buys C$912,000.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the acquisition, the director directly owned 56,000 shares of the company’s stock, valued at C$8,512,000. This 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 Stock Performance

IAG opened at C$149.33 on Tuesday. The company has a market cap of C$13.70 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The stock has a 50-day moving average of C$167.52 and a 200-day moving average of C$163.87. iA Financial Co. Inc. has a 52-week low of C$115.21 and a 52-week high of C$182.99.

iA Financial (TSE:IAG) last issued 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 business had revenue of C$3.23 billion for the quarter. On average, research analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IAG shares. TD Securities reduced their price objective on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. 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 research note on Monday, January 19th. Canadian Imperial Bank of Commerce lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Scotiabank decreased their price target on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. Finally, BMO Capital Markets lowered their price target on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, iA Financial has a consensus rating of “Hold” and a consensus price target of C$176.14.

iA Financial Company Profile

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.