Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$136,913.00 in Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Éric Jobin sold 1,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total value of C$136,913.00.

iA Financial Trading Down 1.8 %

Shares of TSE IAG opened at C$131.95 on Friday. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock has a market capitalization of C$12.55 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a 1-year low of C$80.95 and a 1-year high of C$137.34. The business has a fifty day moving average price of C$117.91 and a 200 day moving average price of C$100.60.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.90 dividend. The ex-dividend date is Friday, November 22nd. 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 yield of 2.73%. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Wall Street Analyst Weigh In

IAG has been the topic of several recent research reports. TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Scotiabank upped their price objective on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four 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, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.75.

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.