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 the firm’s stock in a transaction on 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 Trading Down 1.9 %

TSE:IAG traded down C$2.53 during mid-day trading on Friday, hitting C$127.86. 141,131 shares of the company’s stock were exchanged, 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. iA Financial Co. Inc. has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29. The company has a 50 day simple moving average of C$111.83 and a 200-day simple moving average of C$97.04. The firm has a market capitalization of C$12.16 billion, a P/E ratio of 17.46, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating analysts’ consensus estimates of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The company had revenue of C$1.64 billion for the quarter. As a group, research analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

iA Financial Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IAG. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. CIBC increased their price objective on iA Financial from C$120.00 to C$133.00 in a report on Thursday. Cormark lifted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. National Bankshares boosted their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. Finally, TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.