iA Financial Co. Inc. (TSE:IAG - Get Free Report) Senior Officer Alain Bergeron sold 2,750 shares of the business's stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at C$67,000. This represents a 84.62 % decrease in their ownership of the stock.
iA Financial Stock Up 0.5 %
IAG stock traded up C$0.70 during trading on Friday, hitting C$133.83. 251,700 shares of the company's stock traded hands, compared to its average volume of 317,804. The business has a fifty day simple moving average of C$120.61 and a two-hundred day simple moving average of C$102.27. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$12.73 billion, a P/E ratio of 17.92, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 1 year low of C$80.95 and a 1 year high of C$137.34.
iA Financial Increases Dividend
The business also recently declared 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 annualized dividend and a dividend yield of 2.69%. This is a positive change from iA Financial's previous quarterly dividend of $0.82. The ex-dividend date is Friday, November 22nd. iA Financial's payout ratio is presently 43.91%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on IAG shares. Cormark increased their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. CIBC raised their price objective on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. BMO Capital Markets boosted their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. TD Securities raised their price target on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered shares of iA Financial from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Four 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's stock. Based on data from MarketBeat.com, iA Financial currently has a consensus rating of "Moderate Buy" and an average target price of C$129.75.
Check Out Our Latest Stock Report on iA Financial
iA Financial Company Profile
(
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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.
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