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

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

iA Financial Price Performance

IAG opened at C$141.52 on Friday. The stock has a market capitalization of C$13.28 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company’s 50 day simple moving average is C$130.92 and its 200-day simple moving average is C$130.68. iA Financial Co. Inc. has a one year low of C$84.29 and a one year high of C$142.48.

iA Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on IAG. Desjardins raised their target price on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. Scotiabank reduced their target price on shares of iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Royal Bank of Canada set a C$141.00 target price on shares of iA Financial and gave the stock a “sector perform” rating in a research report on Tuesday, April 15th. CIBC decreased their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Finally, TD Securities lifted their target price on shares of 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 investment 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 MarketBeat, iA Financial currently has an average rating of “Moderate Buy” and a consensus target price 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.