iA Financial Co. Inc. (TSE:IAG) Declares $0.90 Quarterly Dividend

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

iA Financial Trading Up 2.0 %

IAG stock opened at C$132.87 on Wednesday. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01. The company has a market capitalization of C$12.47 billion, a P/E ratio of 12.66, a PEG ratio of 1.26 and a beta of 1.13. The business has a 50 day simple moving average of C$131.91 and a 200-day simple moving average of C$119.48.

Analysts Set New Price Targets

Several equities analysts have issued reports on IAG shares. BMO Capital Markets boosted their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Cormark raised their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares increased their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Finally, Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.88.

Insider Activity at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the sale, the insider now directly owns 500 shares of the company’s stock, valued at C$67,000. The trade was a 84.62 % decrease in their ownership of the stock. Also, Senior Officer Éric Jobin sold 1,000 shares of the firm’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. In the last 90 days, insiders sold 22,010 shares of company stock worth $2,976,055. 0.09% of the stock is owned by corporate 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.