iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 10,000 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 10,000 shares of the business’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 shares were sold at an average price of C$131.00, for a total value 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 Price Performance

iA Financial stock traded down C$0.92 during midday trading on Friday, hitting C$131.03. 712,483 shares of the company’s stock were exchanged, compared to its average volume of 287,140. The company has a market cap of C$12.47 billion, a P/E ratio of 17.66, 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 stock has a 50-day moving average price of C$114.52 and a two-hundred day moving average price of C$98.69. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$134.29.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.75%. iA Financial’s payout ratio is presently 43.91%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. TD Securities lifted their price target on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. National Bankshares increased their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently 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.