Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells 2,750 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total transaction of C$375,100.00.

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

• On Tuesday, March 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$136.99, for a total value of C$376,722.50.
• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The stock was sold at an average price of C$136.24, for a total transaction of C$238,428.58.
• On Thursday, February 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$135.37, for a total value 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 stock was sold at an average price of C$133.64, for a total value of C$367,515.78.

iA Financial Stock Performance

TSE IAG traded down C$0.60 during trading on Thursday, hitting C$136.27. The stock had a trading volume of 18,127 shares, compared to its average volume of 277,575. iA Financial Co. Inc. has a one year low of C$80.95 and a one year high of C$141.88. The stock has a 50 day simple moving average of C$131.13 and a 200 day simple moving average of C$125.78. The stock has a market capitalization of C$12.79 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend yield of 2.64%. iA Financial’s dividend payout ratio is currently 31.25%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IAG. BMO Capital Markets raised their price target on iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. TD Securities upped 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 note on Tuesday, February 25th. Desjardins lifted their price objective on shares of 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. Finally, CIBC lifted their price target on iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, iA Financial has an average rating of “Moderate Buy” and a consensus price target 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.