iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron Sells 510 Shares

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction 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 value of C$368,500.00.

iA Financial Price Performance

Shares of IAG opened at C$133.68 on Friday. The company has a market cap of C$12.72 billion, a P/E ratio of 17.90, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$138.01. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The firm’s 50 day moving average price is C$128.24 and its 200 day moving average price is C$108.04.

iA Financial Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IAG shares. CIBC upped their price target 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 target price for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. National Bankshares increased their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, iA Financial has an average rating of “Moderate Buy” and a consensus 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.