Éric Jobin Sells 1,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Éric Jobin sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$136.91, for a total value of C$136,913.00.

iA Financial Stock Performance

Shares of TSE:IAG opened at C$131.95 on Friday. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The business’s 50 day moving average price is C$117.91 and its 200-day moving average price is C$100.60. The firm has a market capitalization of C$12.55 billion, a PE ratio of 17.66, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$137.34.

iA Financial Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on IAG. TD Securities raised their target price on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. CIBC raised their target price on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. National Bankshares raised their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Four investment 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 MarketBeat.com, iA Financial currently 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.