iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$238,428.58 in Stock

iA Financial Co. Inc. (TSE:IAG - Get Free Report) Senior Officer Alain Bergeron sold 1,750 shares of the business'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 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.
• 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 Stock Up 0.1 %

Shares of iA Financial stock traded up C$0.15 during trading on Friday, hitting C$127.63. 235,656 shares of the stock traded hands, compared to its average volume of 288,064. The firm's fifty day moving average is C$131.50 and its 200-day moving average is C$122.80. The stock has a market cap of C$11.97 billion, a price-to-earnings ratio of 12.16, a PEG 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.

iA Financial Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.82%. iA Financial's payout ratio is presently 31.25%.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of iA Financial from C$137.00 to C$141.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Scotiabank lowered iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. TD Securities upped their target price on iA Financial from C$146.00 to C$147.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Desjardins raised their price target on iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Finally, CIBC boosted their price objective on iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.