Insider Buying: iA Financial (TSE:IAG) Insider Buys C$151,820.00 in Stock

iA Financial Co. Inc. (TSE:IAG) insider Ï¿½Ric Jobin acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of C$151.82 per share, for a total transaction of C$151,820.00. Following the completion of the acquisition, the insider owned 1,941 shares of the company’s stock, valued at C$294,682.62. This trade represents a 106.27% increase in their ownership of the stock.

iA Financial Trading Up 0.1%

Shares of TSE IAG opened at C$149.33 on Tuesday. The firm has a market cap of C$13.70 billion, a PE ratio of 13.23, a PEG ratio of 1.26 and a beta of 0.99. iA Financial Co. Inc. has a 1-year low of C$115.21 and a 1-year high of C$182.99. The company has a fifty day moving average price of C$167.52 and a 200 day moving average price of C$163.87.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on IAG. Canadian Imperial Bank of Commerce lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. National Bank Financial decreased their price target on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 18th. Scotiabank lowered their price objective on shares of iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th. TD Securities cut their price objective 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, BMO Capital Markets reduced their target price on shares of iA Financial from C$185.00 to C$175.00 in a 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.com, the stock has a consensus rating of “Hold” and an average 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.