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 that occurred on Thursday, November 14th. The stock was sold at an average price of C$132.00, for a total value 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 value 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 0.6 %

Shares of iA Financial stock opened at C$131.15 on Friday. The firm has a market cap of C$12.48 billion, a PE ratio of 17.56, a P/E/G ratio of 1.26 and a beta of 1.13. The business’s 50 day simple moving average is C$115.07 and its 200 day simple moving average is C$98.91. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial Co. Inc. has a 52-week low of C$80.95 and a 52-week high of C$134.29.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.74%. 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

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. National Bankshares boosted their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, TD Securities increased their price target on shares of iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$129.75.

iA Financial Company Profile

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.