iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron Sells 1,750 Shares

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 stock was sold at an average price of C$134.01, for a total value 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 value 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 value of C$68,125.80.

iA Financial Stock Down 0.7 %

Shares of IAG opened at C$134.81 on Tuesday. The company has a market capitalization of C$12.65 billion, a PE ratio of 12.84, 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 company has a 50-day simple moving average of C$131.79 and a 200-day simple moving average of C$122.07.

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 given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.67%. iA Financial’s dividend payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IAG shares. BMO Capital Markets raised their target price on shares of 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. Cormark raised their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of 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. National Bankshares raised their price target on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.