Insider Selling: iA Financial Co. Inc. (TSE:IAG) Director Sells 2,800 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 2,800 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$131.00, for a total transaction 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 stock was sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Price Performance

Shares of IAG stock opened at C$128.24 on Tuesday. The company has a market capitalization of C$12.20 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial Co. Inc. has a 12 month low of C$80.95 and a 12 month high of C$134.29. The stock has a 50 day moving average of C$112.88 and a two-hundred day moving average of C$97.68.

iA Financial Increases Dividend

The firm 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s payout ratio is 43.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IAG shares. CIBC increased their price target on iA Financial from C$120.00 to C$133.00 in a report on Thursday, November 7th. TD Securities lifted their target price on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Scotiabank lifted their price objective on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Finally, Cormark increased their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.