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 company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78.

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

• 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 transaction 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 transaction of C$368,500.00.

iA Financial Trading Down 0.1 %

iA Financial stock opened at C$133.32 on Thursday. 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 firm has a market capitalization of C$12.68 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13. The firm has a 50 day moving average of C$129.16 and a 200 day moving average of C$108.97.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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%. This is an increase from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Analyst Ratings Changes

Several research firms have recently weighed in on IAG. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Cormark increased their target price on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. CIBC boosted their price target on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. BMO Capital Markets increased their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, National Bankshares boosted their target price on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.75.

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.