iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$1,938,415.50 in Stock

iA Financial Co. Inc. (TSE:IAGGet Free Report) Senior Officer Pierre Miron sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50.

iA Financial Stock Up 0.8 %

Shares of IAG opened at C$129.89 on Thursday. 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$134.29. The firm’s 50 day moving average is C$113.95 and its 200-day moving average is C$98.35. The stock has a market capitalization of C$12.36 billion, a PE ratio of 17.39, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.77%. iA Financial’s payout ratio is currently 43.91%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. CIBC lifted their price objective on shares of iA Financial from C$133.00 to C$143.00 in a research report on Wednesday. National Bankshares upped their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cormark raised their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. TD Securities boosted their price objective on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$129.75.

Get Our Latest Stock Analysis on IAG

About iA Financial

(Get Free Report)

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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