Alain Bergeron Sells 5,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$84.59, for a total transaction of C$422,937.00.

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

• On Wednesday, March 20th, Alain Bergeron sold 5,000 shares of iA Financial stock. The shares were sold at an average price of C$86.63, for a total transaction of C$433,140.00.

iA Financial Stock Performance

iA Financial stock opened at C$84.64 on Thursday. iA Financial Co. Inc. has a twelve month low of C$77.61 and a twelve month high of C$93.90. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 34.57. The company’s 50-day moving average price is C$88.61 and its 200-day moving average price is C$87.49. The company has a market cap of C$8.43 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$2.34 EPS for the quarter, missing analysts’ consensus estimates of C$2.49 by C($0.15). iA Financial had a return on equity of 11.14% and a net margin of 9.95%. The firm had revenue of C$1.55 billion for the quarter. On average, equities research analysts forecast that iA Financial Co. Inc. will post 10.3508982 EPS for the current fiscal year.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.88%. This is a boost from iA Financial’s previous quarterly dividend of $0.77. The ex-dividend date was Thursday, February 29th. iA Financial’s payout ratio is 43.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IAG shares. National Bankshares decreased their price objective on shares of iA Financial from C$104.00 to C$102.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Scotiabank reduced their price target on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. BMO Capital Markets lifted their price target on shares of iA Financial from C$99.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. CIBC lifted their price target on shares of iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Desjardins reduced their price target on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$69.85.

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.