Michael Lee Stickney Sells 1,000 Shares of IA Financial Group (TSE:IAG) Stock

IA Financial Group (TSE:IAG) insider Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of C$54.65, for a total transaction of C$54,650.00.

IAG opened at C$52.29 on Monday. IA Financial Group has a 12 month low of C$48.74 and a 12 month high of C$62.01.

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IA Financial Group (TSE:IAG) last posted its quarterly 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 during the quarter. IA Financial Group had a net margin of 3.75% and a return on equity of 11.25%.

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

Several brokerages recently weighed in on IAG. National Bank Financial reaffirmed a “sector perform” rating and set a C$66.00 price target on shares of IA Financial Group in a report on Thursday, March 8th. CIBC set a C$65.00 price target on IA Financial Group in a report on Thursday, March 8th. BMO Capital Markets set a C$60.00 target price on IA Financial Group in a report on Thursday, March 8th. Royal Bank of Canada raised their target price on IA Financial Group from C$65.00 to C$66.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Finally, Scotiabank reduced their target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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