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

iA Financial Co. Inc. (TSE:IAG) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.90 per share on Monday, December 16th. This represents a $3.60 annualized dividend and a 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 Trading Up 0.2 %

IAG stock opened at C$133.32 on Thursday. iA Financial has a one year low of C$80.95 and a one year high of C$134.29. The company has a market capitalization of C$12.68 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company’s 50 day moving average price is C$116.75 and its two-hundred day moving average price is C$100.03. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22.

Insider Transactions at iA Financial

In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. In the last three months, insiders have sold 36,000 shares of company stock worth $4,699,016. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IAG has been the subject of several recent research reports. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. National Bankshares boosted their target price on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cormark raised their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price target on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, Scotiabank increased their price objective on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$129.75.

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.