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

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 dividend on an annualized basis and a dividend yield of 2.69%.

iA Financial Stock Up 0.6 %

iA Financial stock opened at C$133.70 on Thursday. The business has a 50-day simple moving average of C$131.86 and a 200 day simple moving average of C$119.78. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$141.88. The stock has a market cap of C$12.54 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 500 shares in the company, valued at approximately C$67,000. This represents a 84.62 % decrease in their ownership of the stock. In the last three months, insiders have sold 11,010 shares of company stock worth $1,489,142. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. BMO Capital Markets increased their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Finally, Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$131.25.

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.