iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$68,125.80 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 510 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80.

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

• On Thursday, November 28th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00.

iA Financial Stock Up 0.8 %

Shares of iA Financial stock opened at C$133.68 on Monday. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The company has a market cap of C$12.72 billion, a P/E ratio of 17.90, a PEG ratio of 1.26 and a beta of 1.13. The firm’s 50 day moving average price is C$128.24 and its 200-day moving average price is C$108.04. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$138.01.

iA Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.90 dividend. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.69%. The ex-dividend date was Friday, November 22nd. iA Financial’s payout ratio is currently 43.91%.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research analyst reports. CIBC lifted their target price on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. National Bankshares increased their target price on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.