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 Tuesday, February 25th. The stock was 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 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 Stock Up 1.2 %

Shares of TSE IAG traded up C$1.54 on Wednesday, hitting C$131.16. The company had a trading volume of 158,712 shares, compared to its average volume of 248,320. The firm has a market capitalization of C$12.31 billion, a P/E ratio of 12.50, a PEG 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. The business has a 50 day moving average of C$131.55 and a two-hundred day moving average of C$120.85.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.74%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Analysts Set New Price Targets

A number of research analysts have commented on IAG shares. BMO Capital Markets increased their price target 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. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Cormark raised their target price on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Desjardins boosted their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. Finally, TD Securities boosted their target price on iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.