Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells 2,750 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$136.99, for a total value 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 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 stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$137.00 on Friday. The firm has a market cap of C$12.85 billion, a PE ratio of 13.05, a P/E/G ratio of 1.26 and a beta of 1.13. The business’s 50 day simple moving average is C$131.25 and its 200 day simple moving average is C$125.86. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$141.88.

iA Financial Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada upped 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 report on Thursday, February 20th. Desjardins raised their price target on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. TD Securities lifted their price objective on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their target price 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 lifted their price target 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and an average price target 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.