iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$376,722.50 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$136.99, for a total value of C$376,722.50.

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

• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The stock was 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 shares were 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 stock was sold at an average price of C$134.01, for a total transaction of C$368,525.85.
• 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 transaction of C$367,515.78.

iA Financial Price Performance

Shares of iA Financial stock opened at C$136.87 on Thursday. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$141.88. The business’s fifty day moving average price is C$131.13 and its two-hundred day moving average price is C$125.78. The company has a market capitalization of C$12.84 billion, a P/E ratio of 13.04, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IAG shares. Royal Bank of Canada boosted their price objective on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. CIBC upped their target price on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. 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 research report on Thursday, February 20th. BMO Capital Markets upped their price objective on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, TD Securities raised their target price on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.