Denis Ricard Sells 8,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 8,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$143.00, for a total value of C$1,144,000.00.

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

• On Thursday, May 15th, Denis Ricard sold 3,300 shares of iA Financial stock. The shares were sold at an average price of C$139.50, for a total value of C$460,350.00.
• On Tuesday, May 13th, Denis Ricard sold 6,200 shares of iA Financial stock. The stock was sold at an average price of C$139.50, for a total value of C$864,900.00.

iA Financial Stock Performance

Shares of IAG stock opened at C$141.99 on Wednesday. iA Financial Co. Inc. has a 52-week low of C$84.29 and a 52-week high of C$143.75. The company has a market capitalization of C$13.32 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average is C$131.96 and its 200 day moving average is C$131.49.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IAG shares. Royal Bank of Canada set a C$141.00 price objective on iA Financial and gave the stock a “sector perform” rating in a report on Tuesday, April 15th. TD Securities lifted their target price on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Scotiabank reduced their price target on iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. CIBC dropped their price objective on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Desjardins lifted their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.75.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.