iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard Sells 6,200 Shares

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 6,200 shares of iA Financial stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$139.50, for a total value of C$864,900.00.

iA Financial Stock Up 1.3%

Shares of IAG stock opened at C$139.30 on Thursday. The business has a 50-day moving average price of C$130.53 and a two-hundred day moving average price of C$130.61. iA Financial Co. Inc. has a 12-month low of C$84.29 and a 12-month high of C$141.88. The firm has a market cap of C$13.07 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 2.58%. iA Financial’s dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada set a C$141.00 price target on iA Financial and gave the company a “sector perform” rating in a research report on Tuesday, April 15th. BMO Capital Markets lifted 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. Desjardins lifted their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Scotiabank dropped their price objective on iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. Finally, TD Securities lifted their price objective on iA Financial from C$140.00 to C$147.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$139.75.

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.