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

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 1,750 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 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 shares were 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 shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80.

iA Financial Trading Up 2.2 %

TSE:IAG opened at C$129.37 on Thursday. The stock has a market capitalization of C$12.14 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.26 and a beta of 1.13. The firm has a fifty day simple moving average of C$131.67 and a two-hundred day simple moving average of C$122.33. iA Financial Co. Inc. has a 12 month low of C$80.95 and a 12 month high of C$141.88.

iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 2.78%. iA Financial’s payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

IAG has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Cormark lifted their target price on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Scotiabank downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Finally, CIBC lifted their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Five 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 stock. Based on data from MarketBeat, the stock presently has a consensus 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.