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

iA Financial Co. Inc. (TSE:IAG) Director Denis Ricard sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$139.50, for a total value 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 value of C$864,900.00.

iA Financial Stock Performance

Shares of IAG opened at C$142.03 on Friday. The firm has a market capitalization of C$13.33 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average price of C$131.29 and a two-hundred day moving average price of C$130.87. iA Financial Co. Inc. has a 52 week low of C$84.29 and a 52 week high of C$143.75.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.53%. iA Financial’s dividend payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. CIBC decreased their target price on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Desjardins boosted their price objective on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. TD Securities boosted their price objective on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. BMO Capital Markets boosted their price objective on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada set a C$141.00 price objective on iA Financial and gave the stock a “sector perform” rating in a report on Tuesday, April 15th. Five 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.