iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 7,200 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Price Performance

IAG opened at C$127.99 on Friday. 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 firm has a market cap of C$12.18 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.26 and a beta of 1.13. The stock’s 50-day moving average price is C$112.36 and its 200 day moving average price is C$97.25. iA Financial Co. Inc. has a 12-month low of C$80.95 and a 12-month high of C$134.29.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The company had revenue of C$1.64 billion for the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. As a group, sell-side analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

iA Financial Increases Dividend

The business also recently declared 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 is an increase from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.81%. iA Financial’s dividend payout ratio is 43.91%.

Analyst Ratings Changes

A number of equities analysts have commented on IAG shares. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$105.00 to C$137.00 in a research note on Thursday. Cormark upped their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday. National Bankshares increased their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. BMO Capital Markets upped their price target on iA Financial from C$126.00 to C$140.00 in a research note on Thursday. Finally, CIBC raised their price objective on iA Financial from C$120.00 to C$133.00 in a research report on Thursday. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.