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 stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$91.94, for a total transaction of C$459,713.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at C$45,971.30.

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

• On Tuesday, May 21st, Alain Bergeron sold 5,000 shares of iA Financial stock. The stock was sold at an average price of C$92.01, for a total transaction of C$460,036.00.
• 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 stock was sold at an average price of C$84.59, for a total transaction 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 transaction of C$433,140.00.

iA Financial Stock Performance

IAG stock traded up C$0.99 during mid-day trading on Thursday, hitting C$92.89. The company had a trading volume of 323,868 shares, compared to its average volume of 255,545. The firm has a market cap of C$9.14 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The company has a debt-to-equity ratio of 46.17, a quick ratio of 0.17 and a current ratio of 2.31. iA Financial Co. Inc. has a 12 month low of C$77.61 and a 12 month high of C$94.25. The stock’s fifty day moving average price is C$85.90 and its two-hundred day moving average price is C$88.03.

iA Financial (TSE:IAG) last announced 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). The company had revenue of C$1.55 billion during the quarter. iA Financial had a return on equity of 10.54% and a net margin of 9.25%. On average, analysts forecast that iA Financial Co. Inc. will post 10.3022222 earnings per share for the current fiscal year.

iA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 24th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, May 23rd. iA Financial’s dividend payout ratio is 45.30%.

Wall Street Analysts Forecast Growth

IAG has been the subject of a number of analyst reports. National Bankshares reduced their price objective on shares of 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. Royal Bank of Canada lifted their price objective on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. CIBC upgraded shares of iA Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$97.00 to C$100.00 in a report on Friday, May 10th. Scotiabank reduced their price objective on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Finally, Desjardins dropped their price target on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.