iA Financial (TSE:IAG – Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of C$2.58 per share for the quarter.
iA Financial (TSE:IAG – Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported C$2.44 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.06. iA Financial had a net margin of 9.25% and a return on equity of 10.54%. The firm had revenue of C$1.60 billion during the quarter.
iA Financial Stock Performance
Shares of TSE IAG traded up C$1.29 during midday trading on Tuesday, hitting C$92.20. The company’s stock had a trading volume of 62,263 shares, compared to its average volume of 272,233. The firm has a market capitalization of C$9.07 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.26 and a beta of 1.11. The company has a current ratio of 2.31, a quick ratio of 0.17 and a debt-to-equity ratio of 46.17. The stock has a fifty day moving average price of C$88.06 and a 200 day moving average price of C$87.56. iA Financial has a one year low of C$77.61 and a one year high of C$94.25.
iA Financial Announces Dividend
Insider Activity
In related news, Director Denis Ricard sold 5,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$92.00, for a total transaction of C$496,800.00. In other iA Financial news, Director Denis Ricard sold 5,400 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$91.42, for a total transaction of C$91,420.00. Over the last ninety days, insiders sold 31,000 shares of company stock valued at $2,850,331. Insiders own 0.09% of the company’s stock.
Analyst Upgrades and Downgrades
IAG has been the subject of several analyst reports. TD Securities raised their target price on iA Financial from C$108.00 to C$110.00 in a research note on Friday, July 12th. BMO Capital Markets increased their target price on shares of iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. Royal Bank of Canada boosted their price target on shares of iA Financial from C$101.00 to C$102.00 in a research report on Friday, May 10th. CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$97.00 to C$100.00 in a research note on Friday, May 10th. Finally, Cormark upped their target price on iA Financial from C$103.00 to C$105.00 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$89.94.
Check Out Our Latest Research Report on IAG
About iA Financial
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.
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