iA Financial (TSE:IAG) Insider Renée Laflamme Sells 12,500 Shares

Key Points

• Insider sale: Renée Laflamme sold 12,500 iA Financial shares for approximately C$2.65 million at C$211.86 each, reducing her direct holdings by 51.77% to 11,645 shares. She has also sold shares in May and June.
• Recent performance: iA Financial reported quarterly EPS of C$3.68 and revenue of C$3.05 billion. Its shares recently traded near C$210.54, close to the consensus analyst price target of C$213.61.
• Analyst outlook: Several firms raised their price targets, with BMO reaching C$225, but the overall consensus remains “Hold”, reflecting limited expected near-term upside.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider Renée Laflamme sold 12,500 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the transaction, the insider directly owned 11,645 shares in the company, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their position.

Renée Laflamme also recently made the following trade(s):

• On Friday, June 26th, Renée Laflamme sold 12,500 shares of iA Financial stock. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00.
• On Friday, May 22nd, Renée Laflamme sold 10,000 shares of iA Financial stock. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00.

iA Financial Price Performance

Shares of IAG traded down C$2.20 during trading hours on Friday, reaching C$210.54. 132,038 shares of the company traded hands, compared to its average volume of 339,799. The stock has a fifty day simple moving average of C$195.21 and a 200 day simple moving average of C$174.75. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The stock has a market capitalization of C$18.80 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. iA Financial Co. Inc. has a fifty-two week low of C$140.34 and a fifty-two week high of C$223.72.

iA Financial (TSE:IAG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. The firm had revenue of C$3.05 billion during the quarter. As a group, research analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on IAG. Canadian Imperial Bank of Commerce raised their price objective on shares of iA Financial from C$208.00 to C$220.00 in a research note on Thursday. Royal Bank Of Canada lifted their price objective on iA Financial from C$167.00 to C$213.00 and gave the company a "sector perform" rating in a research report on Thursday. TD Securities downgraded iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 6th. BMO Capital Markets increased their target price on iA Financial from C$215.00 to C$225.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Scotia lifted their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a "sector perform" rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$213.61.

iA Financial News Roundup

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, representing approximately 5.8% upside. BayStreet.CA analyst ratings
• Positive Sentiment: Scotiabank increased its target from C$198.52 to C$223, while Desjardins lifted its target from C$205 to C$220. Both firms see moderate upside from recent trading levels. Ticker Report analyst ratings
• Positive Sentiment: CIBC raised its target from C$208 to C$220, and National Bank Financial increased its target from C$205 to C$216, adding to the generally supportive analyst revisions. BayStreet.CA analyst ratings
• Neutral Sentiment: TD raised its target from C$214 to C$218 and retained a “hold” rating, indicating expectations for a gradual increase rather than a major revaluation. American Banking News analyst outlook
• Neutral Sentiment: RBC lifted its target sharply from C$167 to C$213 but kept a “sector perform” rating. The target is effectively close to the current share price, suggesting limited near-term upside. BayStreet.CA analyst ratings
• Negative Sentiment: The predominantly “hold” and “sector perform” recommendations, combined with relatively small target-price gains, may be tempering investor enthusiasm and weighing on IAG despite the upward revisions.

About iA Financial

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source