iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 2,800 Shares

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

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

• 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 Up 0.4 %

Shares of IAG stock opened at C$128.81 on Wednesday. The stock has a 50 day moving average of C$113.41 and a 200 day moving average of C$98.01. 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$12.25 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.26 and a beta of 1.13. 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.90 per share. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IAG shares. BMO Capital Markets raised their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. TD Securities raised their price objective on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$128.50.

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.