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Insider Selling: iA Financial Co. Inc. (TSE:IAG) Director Sells 8,000 Shares of Stock

iA Financial logo with Financial Services background

iA Financial Co. Inc. (TSE:IAG - Get Free Report) Director Denis Ricard sold 8,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$143.00, for a total transaction of C$1,144,000.00.

Denis Ricard also recently made the following trade(s):

  • On Thursday, May 15th, Denis Ricard sold 3,300 shares of iA Financial stock. The shares were sold at an average price of C$139.50, for a total value of C$460,350.00.
  • On Tuesday, May 13th, Denis Ricard sold 6,200 shares of iA Financial stock. The stock was sold at an average price of C$139.50, for a total value of C$864,900.00.

iA Financial Stock Performance

TSE IAG opened at C$142.03 on Tuesday. The stock has a market capitalization of C$13.33 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 52 week low of C$84.29 and a 52 week high of C$143.75. The stock has a fifty day moving average of C$131.60 and a 200-day moving average of C$131.30.

Analyst Upgrades and Downgrades

IAG has been the topic of a number of analyst reports. Scotiabank lowered their price target on iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. CIBC lowered their target price on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. TD Securities increased their target price on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada set a C$141.00 price target on shares of iA Financial and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. Finally, Desjardins raised their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a "hold" rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$139.75.

View Our Latest Research Report on IAG

About iA Financial

(Get Free Report)

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.

See Also

Insider Buying and Selling by Quarter for iA Financial (TSE:IAG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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