Denis Ricard Sells 10,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG - Get Free Report) Director Denis Ricard sold 10,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$135.00, for a total transaction of C$1,350,000.00.

Denis Ricard also recently made the following trade(s):

• On Thursday, November 14th, Denis Ricard sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$132.00, for a total value of C$1,320,000.00.
• 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 transaction 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 Trading Down 1.8 %

Shares of TSE IAG traded down C$2.38 during trading on Friday, hitting C$131.95. 1,497,500 shares of the company were exchanged, compared to its average volume of 306,369. 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 12-month low of C$80.95 and a 12-month high of C$137.34. The company has a fifty day moving average price of C$117.91 and a 200-day moving average price of C$100.60. The firm has a market capitalization of C$12.55 billion, a PE ratio of 17.66, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.73%. 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 dividend payout ratio is presently 43.91%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank raised their price objective on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. BMO Capital Markets raised their price target on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. TD Securities lifted their price objective on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Cormark increased their target price on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, National Bankshares lifted their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, iA Financial currently has a consensus 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.