Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells 1,000 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Éric Jobin sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total transaction of C$136,913.00.

iA Financial Stock Performance

IAG traded up C$1.91 on Thursday, hitting C$135.23. 907,501 shares of the company traded hands, compared to its average volume of 301,099. The stock has a market capitalization of C$12.87 billion, a PE ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The company has a 50 day moving average of C$116.75 and a 200-day moving average of C$100.03. iA Financial Co. Inc. has a 12-month low of C$80.95 and a 12-month high of C$137.34.

iA Financial Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend 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 currently 43.91%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IAG. Cormark upped their target price on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bankshares increased their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada cut iA Financial from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. 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. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Four research 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 company’s stock. According to data from MarketBeat, iA Financial presently 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.