Insider Selling: iA Financial Co. Inc. (TSE:IAG) Director Sells C$685,000.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00.

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

• On Thursday, November 21st, Denis Ricard sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$135.00, for a total value of C$1,350,000.00.
• 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 value of C$1,320,000.00.
• 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 Trading Down 0.0 %

iA Financial stock opened at C$136.14 on Monday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$138.01. The stock has a market cap of C$12.95 billion, a P/E ratio of 18.22, a PEG ratio of 1.26 and a beta of 1.13. The firm’s fifty day moving average price is C$123.13 and its 200-day moving average price is C$103.96.

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 paid a $0.90 dividend. 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 yield of 2.64%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s dividend payout ratio is currently 43.91%.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research reports. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$105.00 to C$137.00 in a research note on Thursday, November 7th. TD Securities increased their target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price target on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Four research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.