Insider Buying: IA Financial Group (IAG) Director Buys 750 Shares of Stock

IA Financial Group (TSE:IAG) Director Yvon Charest purchased 750 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was acquired at an average price of C$54.01 per share, for a total transaction of C$40,507.50.

Yvon Charest also recently made the following trade(s):

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  • On Wednesday, March 21st, Yvon Charest acquired 1,600 shares of IA Financial Group stock. The shares were bought at an average price of C$54.39 per share, for a total transaction of C$87,024.00.

Shares of IAG stock opened at C$52.29 on Friday. IA Financial Group has a 52 week low of C$48.74 and a 52 week high of C$62.01.

IA Financial Group (TSE:IAG) last announced its earnings results on Thursday, February 15th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.05). The business had revenue of C$3.68 billion for the quarter. IA Financial Group had a return on equity of 11.25% and a net margin of 3.75%.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, March 1st.

IAG has been the topic of several research analyst reports. National Bank Financial cut IA Financial Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$64.00 to C$66.00 in a research note on Wednesday, January 24th. Royal Bank of Canada upped their target price on IA Financial Group from C$65.00 to C$66.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. CIBC raised IA Financial Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$64.00 to C$66.00 in a research report on Friday, February 16th. BMO Capital Markets cut IA Financial Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$66.00 to C$63.00 in a research report on Friday, February 16th. Finally, Scotiabank cut their price target on IA Financial Group from C$68.00 to C$65.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$64.29.

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About IA Financial Group

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.

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

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