Alain Bergeron Sells 510 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 510 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80.

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

• 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 Stock Performance

IAG traded up C$0.54 during trading on Friday, hitting C$133.18. The stock had a trading volume of 35,068 shares, compared to its average volume of 314,112. The firm has a market cap of C$12.67 billion, a PE ratio of 17.83, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial Co. Inc. has a 12 month low of C$80.95 and a 12 month high of C$138.01. The company has a 50 day simple moving average of C$127.93 and a 200-day simple moving average of C$107.73.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s payout ratio is currently 43.91%.

Analysts Set New Price Targets

IAG has been the subject of a number of research analyst reports. Cormark increased their price target on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. National Bankshares upped their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Scotiabank upped their target price on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.