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

iA Financial Co. Inc. (TSE:IAG) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.90 per share on Monday, March 17th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.71%.

iA Financial Trading Up 2.0 %

Shares of TSE IAG traded up C$2.55 during midday trading on Tuesday, reaching C$132.87. 158,817 shares of the company were exchanged, compared to its average volume of 190,427. The stock has a market cap of C$12.47 billion, a P/E ratio of 12.66, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$138.01. The stock has a fifty day simple moving average of C$131.96 and a 200 day simple moving average of C$119.18.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IAG. National Bankshares boosted their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Scotiabank downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, CIBC lifted their price objective on iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$129.88.

Insider Activity at iA Financial

In related news, Senior Officer Éric Jobin sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total value of C$136,913.00. Also, Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Insiders sold 22,010 shares of company stock worth $2,976,055 over the last 90 days. Company insiders own 0.09% of the company’s stock.

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.