iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 3,300 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$139.50, for a total transaction of C$460,350.00.

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

• On Tuesday, May 13th, Denis Ricard sold 6,200 shares of iA Financial stock. The shares were sold at an average price of C$139.50, for a total transaction of C$864,900.00.

iA Financial Stock Performance

TSE:IAG opened at C$141.52 on Friday. The firm’s 50-day moving average is C$130.92 and its 200-day moving average is C$130.68. The company has a market cap of C$13.28 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 52-week low of C$84.29 and a 52-week high of C$142.48.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.54%. iA Financial’s dividend payout ratio is 31.25%.

Analyst Upgrades and Downgrades

IAG has been the topic of several recent research reports. Scotiabank cut their target price on iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. BMO Capital Markets raised their price objective on iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. TD Securities upped their target price on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Royal Bank of Canada set a C$141.00 price target on iA Financial and gave the company a “sector perform” rating in a report on Tuesday, April 15th. Finally, Desjardins boosted their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.75.

About iA Financial

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.