iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron Sells 2,750 Shares

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total transaction of C$375,100.00.

Alain Bergeron also recently made the following trade(s):

• On Tuesday, March 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$136.99, for a total transaction of C$376,722.50.
• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The stock was sold at an average price of C$136.24, for a total transaction of C$238,428.58.
• On Thursday, February 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$135.37, for a total value of C$372,267.50.
• On Tuesday, February 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$134.01, for a total value of C$368,525.85.
• On Friday, December 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$133.64, for a total value of C$367,515.78.

iA Financial Stock Down 0.4 %

iA Financial stock traded down C$0.60 during trading hours on Thursday, hitting C$136.27. The stock had a trading volume of 18,127 shares, compared to its average volume of 277,575. The stock’s 50-day moving average price is C$131.13 and its 200-day moving average price is C$125.78. The stock has a market capitalization of C$12.79 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 12-month low of C$80.95 and a 12-month high of C$141.88.

iA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.64%. iA Financial’s dividend payout ratio is 31.25%.

Analyst Ratings Changes

A number of brokerages have issued reports on IAG. BMO Capital Markets boosted their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Desjardins increased their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. Scotiabank cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, CIBC upped their price target on iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, iA Financial has an average rating of “Moderate Buy” and an average price target of C$140.75.

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.