Alain Bergeron Sells 5,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 5,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$84.59, for a total value of C$422,937.00.

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

• On Wednesday, March 20th, Alain Bergeron sold 5,000 shares of iA Financial stock. The stock was sold at an average price of C$86.63, for a total value of C$433,140.00.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$84.64 on Thursday. The firm has a market capitalization of C$8.43 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 34.57, a current ratio of 0.82 and a quick ratio of 0.17. iA Financial Co. Inc. has a one year low of C$77.61 and a one year high of C$93.90. The business has a 50-day simple moving average of C$88.61 and a 200 day simple moving average of C$87.49.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.49 by C($0.15). The company had revenue of C$1.55 billion for the quarter. iA Financial had a net margin of 9.95% and a return on equity of 11.14%. On average, research analysts anticipate that iA Financial Co. Inc. will post 10.3508982 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.88%. This is an increase from iA Financial’s previous quarterly dividend of $0.77. iA Financial’s payout ratio is 43.85%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IAG shares. BMO Capital Markets lifted their price objective on iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. National Bankshares lowered their price objective on iA Financial from C$104.00 to C$102.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Desjardins lowered their price objective on iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. CIBC lifted their price objective on iA Financial from C$95.00 to C$97.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Scotiabank decreased their target price on iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$69.85.

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.