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

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total transaction of C$368,525.85.

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

• On Friday, December 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78.
• On Tuesday, December 24th, Alain Bergeron sold 510 shares of iA Financial stock. The shares were sold at an average price of C$133.58, for a total value of C$68,125.80.
• On Thursday, November 28th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00.

iA Financial Trading Up 1.8 %

iA Financial stock opened at C$131.99 on Thursday. The stock has a market cap of C$12.38 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a fifty day simple moving average of C$131.57 and a 200-day simple moving average of C$121.12. iA Financial Co. Inc. has a 12-month low of C$80.95 and a 12-month high of C$141.88.

iA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.73%. iA Financial’s dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

IAG has been the topic of a number of recent research reports. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. CIBC upped their target price on shares of 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. Royal Bank of Canada raised their price target on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, TD Securities lifted their target price on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Company Profile

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.