iA Financial Co. Inc. (TSE:IAG - Get Free Report) Director Denis Ricard sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00.
Denis Ricard also recently made the following trade(s):
- On Thursday, November 21st, Denis Ricard sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$135.00, for a total transaction of C$1,350,000.00.
- On Thursday, November 14th, Denis Ricard sold 10,000 shares of iA Financial stock. The stock was sold at an average price of C$132.00, for a total transaction 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 value 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 value of C$943,200.00.
iA Financial Price Performance
Shares of TSE IAG traded down C$0.03 during midday trading on Friday, hitting C$136.14. 209,700 shares of the company's stock were exchanged, compared to its average volume of 317,060. The business's fifty day moving average price is C$123.13 and its two-hundred day moving average price is C$103.87. The company has a market cap of C$12.95 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial Co. Inc. has a 12-month low of C$80.95 and a 12-month high of C$138.01.
iA Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.90 dividend. 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 2.64%. The ex-dividend date is Friday, November 22nd. iA Financial's dividend payout ratio is presently 43.91%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Cibc World Mkts upgraded shares of iA Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Scotiabank boosted their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. TD Securities raised their target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Finally, Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 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 issued a strong buy rating to the company. Based on data from MarketBeat, iA Financial has an average rating of "Moderate Buy" and an average target price of C$129.75.
Get Our Latest Research Report on IAG
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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