Alain Bergeron Sells 2,750 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78.

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

• 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 transaction of C$68,125.80.
• On Thursday, November 28th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$134.00, for a total transaction of C$368,500.00.

iA Financial Trading Down 0.1 %

Shares of IAG traded down C$0.20 during midday trading on Monday, hitting C$133.48. The stock had a trading volume of 59,610 shares, compared to its average volume of 313,340. The business has a 50-day simple moving average of C$128.24 and a two-hundred day simple moving average of C$108.04. The firm has a market cap of C$12.70 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$138.01.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IAG shares. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. BMO Capital Markets lifted their price target on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. CIBC raised their target price on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Finally, Scotiabank boosted their price target on shares of iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$129.75.

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.