Insider Selling: iA Financial (TSE:IAG) Insider Sells 3,000 Shares of Stock

Key Points

• Stéphanie Butt Thibodeau, an insider at iA Financial, sold 3,000 shares of the company at an average price of C$149.00, totaling C$447,000.00 on August 21st.
• iA Financial's stock is currently trading at **C$152.85**, with a 12-month range of C$103.70 to C$154.24, reflecting a recent increase of **0.9%**.
• Multiple analysts have updated their ratings and price targets for iA Financial, with **Scotiabank** rating it a "strong-buy" and BMO Capital Markets raising its target to **C$160.00**.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) insider St�Phanie Butt Thibodeau sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total value of C$447,000.00.

iA Financial Stock Down 0.5%

Shares of iA Financial stock traded down C$0.77 during trading hours on Friday, hitting C$155.17. 301,700 shares of the company's stock traded hands, compared to its average volume of 278,750. The stock has a 50 day simple moving average of C$145.90 and a 200-day simple moving average of C$139.05. The company has a market cap of C$14.41 billion, a PE ratio of 14.49, a PEG ratio of 1.26 and a beta of 0.85. iA Financial Co. Inc. has a twelve month low of C$105.40 and a twelve month high of C$156.37.

Analysts Set New Price Targets

IAG has been the subject of a number of research reports. Royal Bank Of Canada lifted their price target on iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Scotiabank upgraded iA Financial to a "strong-buy" rating in a research note on Thursday, July 31st. National Bankshares lifted their price target on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. Desjardins lifted their price target on iA Financial from C$147.00 to C$149.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Finally, Cormark downgraded iA Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 30th. 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 company's stock. According to data from MarketBeat.com, iA Financial presently has an average rating of "Moderate Buy" and a consensus target price 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.