iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$136,913.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Éric Jobin sold 1,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total transaction of C$136,913.00.

iA Financial Stock Up 1.4 %

Shares of IAG stock traded up C$1.91 on Thursday, hitting C$135.23. The stock had a trading volume of 907,501 shares, compared to its average volume of 301,099. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The stock’s 50 day moving average is C$116.75 and its 200-day moving average is C$100.03. The firm has a market capitalization of C$12.87 billion, a price-to-earnings ratio of 17.85, 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$137.34.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.66%. 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 is presently 43.91%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Securities boosted their target price on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. CIBC lifted their price objective on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, iA Financial 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.