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 iA Financial stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$92.01, for a total transaction of C$460,036.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at approximately C$46,003.60.

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

• On Thursday, May 16th, Alain Bergeron sold 5,000 shares of iA Financial stock. The stock was sold at an average price of C$90.41, for a total transaction of C$452,070.00.
• On Monday, March 25th, Alain Bergeron sold 5,000 shares of iA Financial stock. The shares were sold at an average price of C$84.59, for a total value of C$422,937.00.
• 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 Trading Up 0.3 %

iA Financial stock opened at C$92.72 on Thursday. iA Financial Co. Inc. has a 12 month low of C$77.61 and a 12 month high of C$94.25. The company has a quick ratio of 0.17, a current ratio of 5.50 and a debt-to-equity ratio of 20.96. The stock has a market cap of C$9.12 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.26 and a beta of 1.13. The company’s fifty day simple moving average is C$85.90 and its 200-day simple moving average is C$88.03.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 20th. The company reported C$2.34 EPS for the quarter, missing analysts’ consensus estimates of C$2.49 by C($0.15). iA Financial had a net margin of 9.28% and a return on equity of 10.54%. The firm had revenue of C$1.55 billion during the quarter. As a group, sell-side analysts forecast that iA Financial Co. Inc. will post 10.3700341 EPS for the current fiscal year.

iA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 24th will be paid a $0.82 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $3.28 annualized dividend and a dividend yield of 3.54%. iA Financial’s payout ratio is 43.85%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IAG. Scotiabank decreased their price target 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. Cormark raised their target price on shares of iA Financial from C$103.00 to C$105.00 in a report on Friday, May 10th. National Bankshares cut their price target on shares of iA Financial from C$104.00 to C$102.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. TD Securities raised their price objective on shares of iA Financial from C$103.00 to C$108.00 in a research note on Friday, May 10th. Finally, BMO Capital Markets boosted their target price on shares of iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, iA Financial presently has an average rating of “Moderate Buy” and an average target price of C$89.72.

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.