Denis Ricard Sells 2,800 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 2,800 shares of the stock in a transaction on Monday, November 11th. The stock was 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 transaction of C$943,200.00.

iA Financial Price Performance

Shares of iA Financial stock opened at C$129.89 on Thursday. The firm has a fifty day moving average price of C$113.95 and a two-hundred day moving average price of C$98.35. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29. 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 company has a market cap of C$12.36 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. 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 yield of 2.77%. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. CIBC boosted their price target on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday. Scotiabank boosted their target price on iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Securities boosted their price objective on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their target price on shares of iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average target price 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.