iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$238,428.58 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 1,750 shares of iA Financial stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$136.24, for a total transaction of C$238,428.58.

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

• 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 transaction 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 transaction of C$68,125.80.

iA Financial Stock Performance

Shares of IAG stock opened at C$129.37 on Thursday. The firm has a market cap of C$12.14 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 52 week low of C$80.95 and a 52 week high of C$141.88. The firm’s 50-day simple moving average is C$131.67 and its two-hundred day simple moving average is C$122.33.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.78%. iA Financial’s dividend payout ratio is 31.25%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IAG shares. TD Securities raised their price target on shares of 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. CIBC raised their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. BMO Capital Markets raised their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Desjardins raised their price target on shares of 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. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.