Insider Selling: iA Financial Co. Inc. (TSE:IAG) Director Sells C$1,320,000.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$132.00, for a total transaction of C$1,320,000.00.

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

• 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 stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00.

iA Financial Stock Down 0.7 %

TSE:IAG traded down C$0.92 during mid-day trading on Friday, reaching C$131.03. The company’s stock had a trading volume of 712,483 shares, compared to its average volume of 287,140. The stock has a fifty day moving average of C$114.52 and a 200-day moving average of C$98.69. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$134.29. The firm has a market capitalization of C$12.47 billion, a PE ratio of 17.66, a price-to-earnings-growth 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.

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 paid 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 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, November 22nd. iA Financial’s payout ratio is presently 43.91%.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of analyst reports. CIBC boosted their price target on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares upped their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, Scotiabank raised their price objective on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.