iA Financial (TSE:IAG) Insider Sells C$3,011,960.00 in Stock

Key Points

• Pierre Miron, an insider at iA Financial, sold 20,000 shares at an average price of C$150.60, totaling C$3,011,960, which resulted in an 80.32% decrease in their ownership.
• iA Financial's stock price increased by 1.1%, reaching C$156.36, and the company has a market capitalization of C$14.52 billion.
• Several analysts have revised their price targets for iA Financial, with BMO Capital Markets increasing their target to C$160.00, while the consensus price target is C$145.88.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider Pierre Miron sold 20,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the completion of the transaction, the insider owned 4,900 shares in the company, valued at approximately C$737,930.20. This trade represents a 80.32% decrease in their ownership of the stock.

iA Financial Price Performance

TSE:IAG traded down C$0.70 on Tuesday, reaching C$155.43. The stock had a trading volume of 36,663 shares, compared to its average volume of 280,985. The company has a market cap of C$14.44 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.26 and a beta of 0.85. The firm's fifty day moving average is C$147.18 and its two-hundred day moving average is C$140.11. iA Financial Co. Inc. has a 12-month low of C$108.85 and a 12-month high of C$157.67.

Analysts Set New Price Targets

IAG has been the topic of several recent analyst reports. Cormark lowered shares of iA Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 30th. Scotiabank upgraded shares of iA Financial to a "strong-buy" rating in a report on Thursday, July 31st. National Bankshares increased their price objective on shares of iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Desjardins increased their price objective on shares of iA Financial from C$147.00 to C$149.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price objective on shares of iA Financial from C$142.00 to C$151.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$145.88.

About iA Financial

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.