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 that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total value 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 shares were 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 value 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 Price Performance

Shares of TSE IAG traded up C$1.54 during trading hours on Wednesday, hitting C$131.16. 158,712 shares of the stock were exchanged, compared to its average volume of 248,320. iA Financial Co. Inc. has a one year low of C$80.95 and a one year high of C$141.88. The company’s 50 day moving average is C$131.55 and its 200 day moving average is C$120.85. The firm has a market capitalization of C$12.31 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Securities lifted their price target on shares of iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. CIBC increased their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets increased their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus 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.