iA Financial Co. Inc. (TSE:IAG) Director Sells C$366,800.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 2,800 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$131.00, for a total transaction of C$366,800.00.

Denis Ricard also recently made the following trade(s):

• On Thursday, November 14th, Denis Ricard sold 10,000 shares of iA Financial stock. The stock was sold at an average price of C$132.00, for a total value of C$1,320,000.00.
• On Thursday, November 7th, Denis Ricard sold 7,200 shares of iA Financial stock. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Price Performance

Shares of TSE IAG opened at C$131.95 on Friday. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$12.55 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average of C$114.52 and a two-hundred day moving average of C$98.69. iA Financial Co. Inc. has a twelve month low of C$80.95 and a twelve month high of C$134.29.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.73%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio is currently 43.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Cormark lifted their price target on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. TD Securities increased their price objective on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Finally, CIBC boosted their target price on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$129.75.

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.