Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$376,722.50 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$136.99, for a total transaction of C$376,722.50.

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

• On Thursday, March 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was sold at an average price of C$136.40, for a total value of C$375,100.00.
• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The shares were sold at an average price of C$136.24, for a total value 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 value 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.

iA Financial Stock Up 0.1 %

IAG stock opened at C$137.00 on Friday. iA Financial Co. Inc. has a twelve month low of C$80.95 and a twelve month high of C$141.88. The company has a market cap of C$12.85 billion, a P/E ratio of 13.05, a PEG ratio of 1.26 and a beta of 1.13. The business has a fifty day moving average of C$131.25 and a 200-day moving average of C$125.86.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. iA Financial’s payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IAG. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. TD Securities boosted their price target on 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. BMO Capital Markets increased their price objective on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, CIBC boosted their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, iA Financial currently has an average rating of “Moderate Buy” and a consensus target price 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.