iA Financial Co. Inc. (TSE:IAG) Director Sells C$1,320,000.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$132.00, for a total transaction of C$1,320,000.00.

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

• On Monday, November 11th, Denis Ricard sold 2,800 shares of iA Financial stock. The stock was sold at an average price of C$131.00, for a total transaction of C$366,800.00.
• 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 Stock Down 0.6 %

Shares of iA Financial stock opened at C$131.15 on Friday. iA Financial Co. Inc. has a one year low of C$80.95 and a one year high of C$134.29. The company has a market cap of C$12.48 billion, a P/E ratio of 17.56, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The firm has a fifty day moving average of C$115.07 and a two-hundred day moving average of C$98.91.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.74%. This is an increase from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IAG. BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Cormark increased their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Scotiabank lifted their target price on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. CIBC increased their price target on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday. Finally, National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, iA Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$129.75.

About iA Financial

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.