iA Financial Co. Inc. (TSE:IAG – Get Free Report) Senior Officer Alain Bergeron sold 5,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$84.59, for a total value of C$422,937.00.
Alain Bergeron also recently made the following trade(s):
- On Wednesday, March 20th, Alain Bergeron sold 5,000 shares of iA Financial stock. The stock was sold at an average price of C$86.63, for a total value of C$433,140.00.
iA Financial Stock Performance
Shares of iA Financial stock opened at C$84.64 on Thursday. The firm has a market capitalization of C$8.43 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 34.57, a current ratio of 0.82 and a quick ratio of 0.17. iA Financial Co. Inc. has a one year low of C$77.61 and a one year high of C$93.90. The business has a 50-day simple moving average of C$88.61 and a 200 day simple moving average of C$87.49.
iA Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.88%. This is an increase from iA Financial’s previous quarterly dividend of $0.77. iA Financial’s payout ratio is 43.85%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on IAG shares. BMO Capital Markets lifted their price objective on iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. National Bankshares lowered their price objective on iA Financial from C$104.00 to C$102.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Desjardins lowered their price objective on iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. CIBC lifted their price objective on iA Financial from C$95.00 to C$97.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Scotiabank decreased their target price on iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$69.85.
Read Our Latest Research Report on iA Financial
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.
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