iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$422,937.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Alain Bergeron sold 5,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were 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 Trading Down 0.6 %

iA Financial stock opened at C$84.15 on Friday. 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 stock has a market capitalization of C$8.38 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average is C$88.56 and its 200 day moving average is C$87.47.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$2.34 EPS for the quarter, missing the consensus estimate of C$2.49 by C($0.15). iA Financial had a net margin of 9.95% and a return on equity of 11.14%. The business had revenue of C$1.55 billion for the quarter. On average, sell-side analysts predict that iA Financial Co. Inc. will post 10.3508982 EPS for the current year.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.90%. This is a boost from iA Financial’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, February 29th. iA Financial’s dividend payout ratio (DPR) is presently 43.85%.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research analyst reports. Scotiabank dropped 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 note on Thursday, February 22nd. National Bankshares decreased their price objective on iA Financial from C$104.00 to C$102.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. CIBC increased their price objective on iA Financial from C$95.00 to C$97.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. BMO Capital Markets increased their price objective on iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Desjardins decreased their price objective on iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, iA Financial has a consensus rating of “Moderate Buy” and an average 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.