iA Financial (TSE:IAG) Releases Earnings Results
by Jessica Moore · The Cerbat GemiA Financial (TSE:IAG – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported C$3.25 EPS for the quarter, FiscalAI reports. iA Financial had a net margin of 10.11% and a return on equity of 13.62%. The company had revenue of C$2.74 billion during the quarter.
iA Financial Stock Up 0.2%
Shares of IAG stock traded up C$0.40 on Tuesday, reaching C$176.00. The stock had a trading volume of 370,337 shares, compared to its average volume of 355,187. The firm’s 50-day moving average is C$159.15 and its two-hundred day moving average is C$165.62. The firm has a market capitalization of C$15.98 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.26 and a beta of 0.86. iA Financial has a 12 month low of C$129.24 and a 12 month high of C$182.99.
Insider Transactions at iA Financial
In other news, insider Ï¿½Ric Jobin bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were bought 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 in the company, valued at C$294,682.62. This trade represents a 106.27% increase in their ownership of the stock. Also, Director Denis Ricard bought 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of C$152.00 per share, for a total transaction of C$912,000.00. Following the completion of the acquisition, the director owned 56,000 shares in the company, valued at C$8,512,000. This trade represents a 12.00% increase in their position. 0.09% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have recently commented on IAG shares. Desjardins increased their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. TD Securities reduced their price objective on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Scotia increased their price objective on shares of iA Financial from C$174.00 to C$183.00 in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and an average price target of C$180.00.
iA Financial Company Profile
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