Denis Ricard Sells 10,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 10,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$135.00, for a total value of C$1,350,000.00.

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

• 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 transaction 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 transaction of C$366,800.00.
• 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 1.4 %

Shares of IAG opened at C$135.23 on Friday. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$137.34. The company has a market capitalization of C$12.87 billion, a P/E ratio of 18.10, 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. The firm’s 50 day simple moving average is C$117.38 and its 200 day simple moving average is C$100.38.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.90 per share. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s payout ratio is currently 43.91%.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of analyst reports. Scotiabank boosted their target price on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. TD Securities boosted their price objective on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. BMO Capital Markets raised their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cormark lifted their target price on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, National Bankshares increased their price target on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, iA Financial 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.