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 firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$135.37, for a total transaction of C$372,267.50.

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

• On Tuesday, February 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was 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 stock was 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 stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80.

iA Financial Price Performance

Shares of IAG stock traded down C$0.62 during trading on Friday, reaching C$134.98. The company’s stock had a trading volume of 458,240 shares, compared to its average volume of 262,003. The company has a market capitalization of C$12.66 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.26 and a beta of 1.13. The stock’s 50-day moving average price is C$131.69 and its 200 day moving average price is C$121.44. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$141.88.

iA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.67%. iA Financial’s dividend payout ratio (DPR) is currently 31.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities lifted their target price on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Desjardins boosted 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 note on Thursday, February 20th. National Bankshares boosted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Finally, Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.