iA Financial (TSE:IAG) Insider Alain Bergeron Sells 700 Shares of Stock

iA Financial Co. Inc. (TSE:IAG – Get Free Report) insider Alain Bergeron sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total transaction of C$136,780.00.

Alain Bergeron also recently made the following trade(s):

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• On Wednesday, June 17th, Alain Bergeron sold 1,300 shares of iA Financial stock. The shares were sold at an average price of C$189.20, for a total transaction of C$245,960.00.

iA Financial Trading Up 1.7%

Shares of IAG stock traded up C$3.29 during trading hours on Thursday, reaching C$199.12. The company had a trading volume of 114,777 shares, compared to its average volume of 349,347. The company has a 50 day moving average of C$177.31 and a 200 day moving average of C$169.63. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The firm has a market cap of C$17.78 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.26 and a beta of 0.97. iA Financial Co. Inc. has a 1-year low of C$133.36 and a 1-year high of C$199.40.

iA Financial (TSE:IAG – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 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 anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IAG. Desjardins lifted their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Scotia cut their target price 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. TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and decreased their price target for the company from C$193.00 to C$190.00 in a report on Wednesday, May 6th. TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, National Bank Financial dropped their price objective on 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. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$177.78.

Read Our Latest Stock Analysis on iA Financial

iA Financial Company Profile

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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

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