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

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$136.99, for a total value of C$376,722.50.

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

• On Monday, March 3rd, Alain Bergeron sold 1,750 shares of iA Financial stock. The stock was sold at an average price of C$136.24, for a total transaction of C$238,428.58.
• On Thursday, February 27th, Alain Bergeron sold 2,750 shares of iA Financial stock. The shares were sold at an average price of C$135.37, for a total transaction of C$372,267.50.
• 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 transaction 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.

iA Financial Stock Up 0.2 %

IAG traded up C$0.34 during mid-day trading on Tuesday, reaching C$136.79. 12,888 shares of the company traded hands, compared to its average volume of 279,971. The company’s fifty day moving average price is C$130.78 and its 200-day moving average price is C$125.47. The stock has a market capitalization of C$12.83 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$141.88.

iA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IAG. Desjardins lifted their target price on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. TD Securities upped their target price on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada raised their price target on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Scotiabank lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, CIBC increased their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.