iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$375,100.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total transaction of C$375,100.00.

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

• On Tuesday, March 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$136.99, for a total value of C$376,722.50.
• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The shares were sold at an average price of C$136.24, for a total value of C$238,428.58.
• On Thursday, February 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$135.37, for a total value of C$372,267.50.
• On Tuesday, February 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$134.01, for a total value of C$368,525.85.
• 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 transaction of C$367,515.78.

iA Financial Trading Down 0.0 %

TSE IAG opened at C$136.99 on Friday. The company has a 50-day moving average price of C$131.37 and a two-hundred day moving average price of C$126.25. iA Financial Co. Inc. has a 52 week low of C$80.95 and a 52 week high of C$141.88. The stock has a market cap of C$12.85 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.63%. iA Financial’s dividend payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. CIBC upped their price target on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Desjardins raised their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, iA Financial presently has an average 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.