iA Financial Co. Inc. (TSE:IAG) Director Sells C$366,800.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 2,800 shares of the firm’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 transaction of C$943,200.00.

iA Financial Trading Up 0.2 %

TSE IAG opened at C$128.24 on Tuesday. The firm’s 50 day moving average price is C$112.88 and its two-hundred day moving average price is C$97.68. 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 twelve month low of C$80.95 and a twelve month high of C$134.29. The stock has a market cap of C$12.20 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.90 dividend. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, November 22nd. iA Financial’s dividend payout ratio is currently 43.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IAG shares. National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. CIBC boosted their price target on shares of iA Financial from C$120.00 to C$133.00 in a research report on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, TD Securities increased their target price on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average 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.