iA Financial (TSE:IAG) Issues Quarterly Earnings Results

iA Financial (TSE:IAG – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported C$3.25 EPS for the quarter, FiscalAI reports. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The company had revenue of C$2.74 billion for the quarter.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$176.00 on Wednesday. The firm has a 50-day simple moving average of C$159.56 and a two-hundred day simple moving average of C$165.73. The company has a market cap of C$15.98 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. iA Financial has a fifty-two week low of C$129.24 and a fifty-two week high of C$182.99.

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Insider Transactions at iA Financial

In other news, Director Denis Ricard acquired 6,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of C$152.00 per share, for a total transaction of C$912,000.00. Following the completion of the transaction, the director owned 56,000 shares in the company, valued at approximately C$8,512,000. The trade was a 12.00% increase in their position. Also, insider Ï¿½Ric Jobin acquired 1,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of C$151.82 per share, with a total value of C$151,820.00. Following the transaction, the insider owned 1,941 shares of the company’s stock, valued at approximately C$294,682.62. This trade represents a 106.27% increase in their position. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on IAG. Scotia upped their price target on shares of iA Financial from C$174.00 to C$183.00 in a report on Wednesday, April 29th. Desjardins upped their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. National Bank Financial set a C$181.00 price objective on shares of iA Financial and gave the stock a “sector perform” rating in a research report on Friday, April 24th. TD upped their price objective on shares of iA Financial from C$189.00 to C$193.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, TD Securities decreased 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 report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$180.00.

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About iA Financial

(Get Free Report)

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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