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

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 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 shares were sold at an average price of C$135.37, for a total transaction 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 transaction 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 value of C$367,515.78.

iA Financial Trading Up 0.2 %

TSE IAG traded up C$0.34 during trading hours on Tuesday, hitting C$136.79. 12,888 shares of the company’s stock were exchanged, compared to its average volume of 279,971. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$141.88. The stock has a 50-day simple moving average of C$130.78 and a 200 day simple moving average of C$125.47. The firm has a market cap of C$12.83 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 2.63%. iA Financial’s dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IAG shares. Desjardins lifted their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Scotiabank lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. TD Securities increased their target price on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets boosted their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$140.75.

About iA Financial

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.