Denis Ricard Sells 7,200 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 7,200 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Stock Performance

TSE IAG opened at C$127.99 on Friday. The business’s 50-day moving average price is C$112.36 and its 200 day moving average price is C$97.25. 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 firm has a market cap of C$12.18 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$134.29.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The company had revenue of C$1.64 billion for the quarter. On average, equities research analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

iA Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on IAG shares. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Scotiabank lifted their price target on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday. BMO Capital Markets upped their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday. Finally, Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$105.00 to C$137.00 in a report on Thursday. 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, the stock currently 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.