iA Financial Co. Inc. (TSE:IAG) Senior Officer Pierre Miron Sells 15,000 Shares

iA Financial Co. Inc. (TSE:IAG) Senior Officer Pierre Miron sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50.

iA Financial Stock Performance

Shares of IAG stock opened at C$129.89 on Thursday. The firm has a market capitalization of C$12.36 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.26 and a beta of 1.13. 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 business’s 50-day moving average price is C$113.95 and its 200-day moving average price is C$98.35. iA Financial Co. Inc. has a 12 month low of C$80.95 and a 12 month high of C$134.29.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.77%. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, November 22nd. iA Financial’s payout ratio is presently 43.91%.

Analyst Ratings Changes

Several brokerages have commented on IAG. Cormark boosted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Royal Bank of Canada cut iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. TD Securities lifted their target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Finally, CIBC increased their target price on shares of iA Financial from C$133.00 to C$143.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.