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 company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$135.00, for a total value of C$1,350,000.00.

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

• On Thursday, November 14th, Denis Ricard sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$132.00, for a total transaction of C$1,320,000.00.
• 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 transaction of C$943,200.00.

iA Financial Stock Performance

TSE:IAG opened at C$131.95 on Monday. The stock has a market capitalization of C$12.55 billion, a P/E ratio of 17.66, a price-to-earnings-growth 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. The firm has a 50 day moving average of C$117.91 and a 200-day moving average of C$100.71. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 represents a $3.60 dividend on an annualized basis and a yield of 2.73%. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s payout ratio is currently 43.91%.

Wall Street Analyst Weigh In

IAG has been the topic of a number of research reports. Scotiabank boosted their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bankshares lifted their target price on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Cormark increased their price target on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, CIBC lifted their price objective on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. Four investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.