iA Financial Co. Inc. Senior Officer Sells Shares

On December 24th, iA Financial Co. Inc. (TSE:IAG) made headlines as Senior Officer Alain Bergeron sold 510 shares of the company's stock. These shares were sold at an average price of C$133.58, resulting in a total transaction of C$68,125.80.

Earlier, Alain Bergeron was also involved in another significant transaction where he sold 2,750 shares of iA Financial stock on November 28th. During that trade, the shares were sold at an average price of C$134.00, equating to a total value of C$368,500.00.

iA Financial Recent Performance

On Friday, during regular trading hours, shares of TSE:IAG increased by C$0.54, reaching a price of C$133.18. The trading volume for the day was 35,068 shares, which is notably lower than the average volume of 314,112 shares. iA Financial has seen a low of C$80.95 and a high of C$138.01 over the past twelve months. Current financial ratios indicate a debt-to-equity ratio of 46.39, a quick ratio of 0.17, and a current ratio of 2.22. The company's market capitalization stands at C$12.67 billion, with a PE ratio of 17.83 and a price-to-earnings-growth ratio of 1.26. The organization's fifty-day moving average is C$127.93, and the 200-day moving average is C$107.73.

Dividend Increase

iA Financial also announced a recent increase in its quarterly dividend, which was paid on December 16th. Shareholders who were on record as of November 22nd received a dividend of $0.90, reflecting an annualized total of $3.60 and a yield of 2.70%. This marks an increase from a previous dividend of $0.82. The ex-dividend date was also November 22nd, and the company's dividend payout ratio sits at approximately 43.91%.

Analyst Rating Updates

Recent reports from analysts have shown a positive outlook for iA Financial. Cormark raised their price target from C$127.00 to C$130.00 in a report issued on November 6th. Similarly, National Bankshares increased their target from C$118.00 to C$121.00 on the same date. Cibc World Market changed the stock's rating from a hold to a strong buy, while TD Securities moved their price objective from C$132.00 to C$135.00. Scotiabank also increased their price objective from C$126.00 to C$143.00. Currently, four analysts rate the stock as a hold, four as a buy, and one as a strong buy. MarketBeat.com indicates an average rating of "Moderate Buy" with a consensus target price of C$129.75.

About iA Financial Co. Inc.

iA Financial Corporation Inc. specializes in providing insurance and wealth management services across Canada and the United States. The company’s operations are categorized into several segments including Insurance, Canada; Wealth Management; Investment; and US Operations. The firm offers a diverse range of products including health, auto, home, and creditor insurance, alongside life insurance and various investment services.

iAFinancial, stocks, insider, trading, dividend