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

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 value 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 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 Stock Performance

Shares of iA Financial stock traded up C$2.06 on Thursday, hitting C$131.95. The stock had a trading volume of 460,931 shares, compared to its average volume of 285,215. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$134.29. 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 price-to-earnings ratio of 17.39, a P/E/G ratio of 1.26 and a beta of 1.13. The company’s 50 day moving average price is C$113.95 and its 200 day moving average price is C$98.35.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.90 dividend. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s payout ratio is presently 43.91%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IAG. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Cormark upped their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. TD Securities upped their price objective on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday. Finally, Royal Bank of Canada cut iA Financial from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, iA Financial currently has a consensus 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.