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 stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$132.00, for a total value of C$1,320,000.00.

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

• 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 Price Performance

TSE:IAG traded up C$2.06 during trading hours on Thursday, reaching C$131.95. 460,931 shares of the company traded hands, compared to its average volume of 285,215. The firm’s 50-day moving average is C$113.95 and its 200-day moving average is C$98.35. The stock has a market cap of C$12.55 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$134.29.

iA Financial Increases Dividend

The business 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 2.73%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio is 43.91%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Securities increased their target price on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Scotiabank increased their target price on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. CIBC increased their target price on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday. National Bankshares upped their price target on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price target on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Four equities research 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, iA Financial currently has an average rating of “Moderate Buy” and an average price target 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.