iA Financial Co. Inc. (TSE:IAG) Director Sells C$943,200.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction dated 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 traded down C$2.53 during trading hours on Friday, hitting C$127.86. 141,131 shares of the company traded hands, compared to its average volume of 283,720. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The firm has a 50-day moving average of C$111.83 and a 200 day moving average of C$97.04. iA Financial Co. Inc. has a twelve month low of C$80.95 and a twelve month high of C$134.29. The stock has a market capitalization of C$12.16 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.26 and a beta of 1.13.

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

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.82%. iA Financial’s payout ratio is 43.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. 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 target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday. CIBC raised their target price on shares of iA Financial from C$120.00 to C$133.00 in a report on Thursday. Scotiabank upped their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on shares of iA Financial from C$126.00 to C$140.00 in a report on Thursday. 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’s stock. Based on data from MarketBeat.com, iA Financial has an average rating of “Moderate Buy” and an average price target of C$128.50.

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.