iA Financial Co. Inc. (TSE:IAG) Senior Officer Renée Laflamme Sells 10,000 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Renée Laflamme sold 10,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00.

iA Financial Stock Performance

IAG opened at C$137.55 on Wednesday. The firm has a market cap of C$12.91 billion, a P/E ratio of 13.10, a PEG ratio of 1.26 and a beta of 1.13. The firm has a 50-day moving average of C$130.30 and a 200 day moving average of C$130.55. iA Financial Co. Inc. has a fifty-two week low of C$84.29 and a fifty-two week high of C$141.88.

iA Financial Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.62%. iA Financial’s payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IAG. CIBC lowered their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Desjardins upped their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. Scotiabank lowered their target price on shares of iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. BMO Capital Markets increased their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, TD Securities increased their target price on shares of iA Financial from C$140.00 to C$147.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$139.75.

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.