Alain Bergeron Sells 2,750 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total transaction of C$368,500.00. Following the completion of the transaction, the insider now owns 500 shares of the company’s stock, valued at approximately C$67,000. This represents a 84.62 % decrease in their position.

iA Financial Trading Down 0.4 %

IAG opened at C$133.13 on Friday. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The stock has a market capitalization of C$12.67 billion, a PE ratio of 17.82, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$137.34. The firm has a 50-day moving average price of C$120.08 and a two-hundred day moving average price of C$102.05.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Analysts Set New Price Targets

IAG has been the subject of a number of recent research reports. TD Securities increased their price objective on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Scotiabank increased their price objective on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. BMO Capital Markets lifted their price target on shares of iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Finally, National Bankshares lifted their price target on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.