iA Financial Co. Inc. (TSE:IAG) Senior Officer Michael Lee Stickney Sells 1,000 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total transaction of C$130,600.00.

iA Financial Price Performance

TSE:IAG opened at C$127.99 on Friday. The stock has a market capitalization of C$12.18 billion, a PE ratio of 17.13, a price-to-earnings-growth 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$134.29. 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 stock’s 50-day moving average price is C$112.36 and its 200-day moving average price is C$97.25.

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

iA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.90 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.81%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IAG shares. National Bankshares increased their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$105.00 to C$137.00 in a report on Thursday. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on iA Financial from C$126.00 to C$140.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, iA Financial presently 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.