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 company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$135.37, for a total value of C$372,267.50.

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

• 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 Tuesday, February 25th, Alain Bergeron sold 2,750 shares of iA Financial stock. The stock was 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 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 stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80.

iA Financial Stock Down 6.1 %

TSE:IAG traded down C$8.19 during mid-day trading on Tuesday, reaching C$126.62. 683,499 shares of the stock were exchanged, compared to its average volume of 290,059. The stock has a market capitalization of C$11.88 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$141.88. The company has a 50 day simple moving average of C$131.79 and a 200-day simple moving average of C$122.07.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.84%. iA Financial's payout ratio is 31.25%.

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Analyst Ratings Changes

Several research firms have recently issued reports on IAG. TD Securities lifted their price objective on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price target on iA Financial from C$137.00 to C$141.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. CIBC upped their price objective on iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. National Bankshares raised their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, Cormark upped their price target on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. 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 company. According to MarketBeat, iA Financial currently has a consensus rating of "Moderate Buy" and an average target price of C$140.75.

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.