iA Financial (TSE:IAG) Insider Ï¿½Ric Jobin Acquires 1,000 Shares

Key Points

• Insider purchase: Ric Jobin acquired 1,000 shares of iA Financial on Feb. 19 at C$151.82 each (C$151,820 total), boosting his holdings 106.27% to 1,941 shares valued at about C$294,683.
• Shares fell to C$149.20 on Friday (volume 329,765 vs. avg. 378,512), trading inside a one‑year range of C$115.21–C$182.99; the company has a C$13.75B market cap and a P/E of 12.82.
• Analyst stance: Consensus is mostly a "Hold" (six Holds, one Buy) with an average target of C$176.14, and several banks recently trimmed their price targets.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider Ï¿½Ric Jobin bought 1,000 shares of iA Financial stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of C$151.82 per share, with a total value of C$151,820.00. Following 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 position.

iA Financial Price Performance

Shares of TSE IAG traded down C$1.77 during trading on Friday, hitting C$149.20. 329,765 shares of the company were exchanged, compared to its average volume of 378,512. 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 market cap of C$13.75 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.26 and a beta of 0.99. The firm's fifty day moving average price is C$168.11 and its 200 day moving average price is C$163.64.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IAG shares. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the company a "sector perform" rating in a report on Monday, January 19th. BMO Capital Markets lowered their price target on iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. Scotiabank dropped their price objective on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce cut iA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 8th. Finally, TD Securities decreased their target price on 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. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$176.14.

iA Financial Company Profile

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.

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