Alain Bergeron Sells 510 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG - Get Free Report) Senior Officer Alain Bergeron sold 510 shares of the company's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total value of C$68,125.80.

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

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

iA Financial Price Performance

IAG stock traded up C$1.04 during trading on Friday, reaching C$133.68. The company's stock had a trading volume of 104,963 shares, compared to its average volume of 314,407. The company's fifty day moving average is C$128.24 and its 200-day moving average is C$108.04. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$138.01. The company has a market capitalization of C$12.72 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.69%. This is a boost from iA Financial's previous quarterly dividend of $0.82. The ex-dividend date was Friday, November 22nd. iA Financial's dividend payout ratio is 43.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. CIBC lifted their price objective on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Royal Bank of Canada cut shares of iA Financial from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. National Bank Financial lowered shares of iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Cormark increased their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, TD Securities lifted their price objective on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.