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 that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total value of C$368,525.85.

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

• 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.
• On Tuesday, December 24th, Alain Bergeron sold 510 shares of iA Financial stock. The shares were sold at an average price of C$133.58, for a total value of C$68,125.80.
• 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 3.4 %

IAG stock opened at C$136.50 on Friday. The company has a 50-day simple moving average of C$131.69 and a 200 day simple moving average of C$121.44. The company has a market capitalization of C$12.81 billion, a P/E ratio of 13.00, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$141.88.

iA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.64%. iA Financial’s dividend payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IAG. Royal Bank of Canada increased their target price on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Desjardins raised their price objective on iA Financial from C$140.00 to C$145.00 and gave the stock 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. National Bankshares increased their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets increased their target price on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Five investment 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’s stock. According to MarketBeat, the stock presently has a consensus 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.