iA Financial Co. Inc. (TSE:IAG) to Issue Quarterly Dividend of $0.90

iA Financial Co. Inc. (TSE:IAG) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Friday, November 22nd will be given a dividend of 0.90 per share on Monday, December 16th. This represents a $3.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82.

iA Financial Stock Performance

Shares of IAG stock opened at C$133.09 on Wednesday. iA Financial has a 12-month low of C$80.95 and a 12-month high of C$134.29. The firm has a market capitalization of C$12.66 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business has a 50 day simple moving average of C$116.17 and a 200 day simple moving average of C$99.69. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IAG shares. Cormark lifted their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bankshares lifted their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on shares of iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Scotiabank increased their price objective on iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada cut iA Financial from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$129.75.

Insider Activity at iA Financial

In related news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Director Denis Ricard sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$132.00, for a total value of C$1,320,000.00. Over the last 90 days, insiders sold 36,000 shares of company stock worth $4,699,016. 0.09% of the stock is owned by company insiders.

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.