Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$367,515.78 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value 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 Price Performance

IAG opened at C$133.32 on Thursday. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$138.01. The stock has a 50-day moving average price of C$129.16 and a 200-day moving average price of C$108.97. The firm has a market cap of C$12.68 billion, a PE ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, November 22nd. This is an increase from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio is currently 43.91%.

Analysts Set New Price Targets

IAG has been the topic of several research analyst reports. National Bankshares boosted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank lifted their price target on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Cormark increased their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, TD Securities boosted their target price on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.