iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 2,800 Shares

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$131.00, for a total value of C$366,800.00.

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

• On Thursday, November 7th, Denis Ricard sold 7,200 shares of iA Financial stock. The shares were sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Stock Performance

TSE IAG opened at C$128.81 on Wednesday. The stock’s fifty day moving average is C$113.41 and its two-hundred day moving average is C$98.01. The firm has a market capitalization of C$12.25 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. 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$134.29.

iA Financial Increases Dividend

The business 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 dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.79%. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s payout ratio is 43.91%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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 lifted their price target on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bankshares lifted their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. CIBC lifted their price target on iA Financial from C$120.00 to C$133.00 in a research note on Thursday, November 7th. Finally, TD Securities lifted their price target on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$128.50.

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.