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

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at approximately C$67,000. This represents a 84.62 % decrease in their ownership of the stock.

iA Financial Trading Up 0.5 %

TSE IAG opened at C$133.83 on Friday. iA Financial Co. Inc. has a 52 week low of C$80.95 and a 52 week high of C$137.34. The company has a 50 day moving average price of C$120.08 and a 200 day moving average price of C$102.05. 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 has a market cap of C$12.73 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.69%. iA Financial’s dividend payout ratio is presently 43.91%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Cormark raised their target price on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. 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. Scotiabank lifted their target price on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.