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

iA Financial Co. Inc. (TSE:IAG - Get Free Report) Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Friday, December 27th. The shares were 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 value 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 0.2 %

TSE:IAG traded down C$0.25 during mid-day trading on Monday, reaching C$133.43. The company's stock had a trading volume of 121,009 shares, compared to its average volume of 313,637. iA Financial Co. Inc. has a twelve month low of C$80.95 and a twelve month high of C$138.01. The company's fifty day simple moving average is C$128.24 and its two-hundred day simple moving average is C$108.04. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock has a market cap of C$12.69 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.90 per share. This is a positive change from iA Financial's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.70%. iA Financial's dividend payout ratio is 43.91%.

Analyst Ratings Changes

IAG has been the topic of a number of research analyst reports. National Bankshares lifted their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. National Bank Financial lowered iA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. TD Securities lifted their price objective on shares of iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. CIBC boosted their price target on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised their target price on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$129.75.

About iA Financial

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.