Insider Selling: iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells 1,000 Shares of Stock

iA Financial Co. Inc. (TSE:IAG) Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction 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

IAG stock opened at C$127.99 on Friday. 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 has a market cap of C$12.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business has a fifty day moving average of C$112.36 and a two-hundred day moving average of C$97.25.

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

iA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.90 per share. 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 dividend on an annualized basis and a dividend yield of 2.81%. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IAG shares. Scotiabank raised their price target on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday. TD Securities raised their target price on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday. Cormark upped their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday. Four 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$128.50.

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.