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 the stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total transaction of C$368,500.00. Following the sale, the insider now owns 500 shares in the company, valued at approximately C$67,000. This trade represents a 84.62 % decrease in their ownership of the stock.

iA Financial Price Performance

Shares of TSE:IAG opened at C$133.83 on Monday. The firm has a market capitalization of C$12.73 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The business’s 50 day simple moving average is C$120.61 and its 200-day simple moving average is C$102.27. iA Financial Co. Inc. has a 12 month low of C$80.95 and a 12 month high of C$137.34.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.69%. iA Financial’s dividend payout ratio is currently 43.91%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IAG. Scotiabank upped their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. CIBC boosted their target price on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. National Bankshares increased their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.75.

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.