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 company’s stock in a transaction dated Monday, November 11th. The shares were 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 shares were sold at an average price of C$131.00, for a total value of C$943,200.00.

iA Financial Price Performance

IAG opened at C$129.89 on Thursday. 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 stock has a market capitalization of C$12.36 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company’s 50 day simple moving average is C$113.95 and its 200-day simple moving average is C$98.35. iA Financial Co. Inc. has a one year low of C$80.95 and a one year high of C$134.29.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.90 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IAG. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cormark lifted their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. 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. Finally, National Bankshares raised their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.