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

iA Financial Co. Inc. (TSE:IAG) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Shareholders 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 yield of 2.71%.

iA Financial Price Performance

Shares of IAG stock traded up C$2.55 on Tuesday, hitting C$132.87. The stock had a trading volume of 158,817 shares, compared to its average volume of 190,427. The company’s 50 day moving average price is C$131.96 and its 200-day moving average price is C$119.18. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$138.01. The firm has a market capitalization of C$12.47 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.26 and a beta of 1.13.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IAG shares. CIBC raised their price objective on shares of iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. 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 Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$129.88.

Insider Activity

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78. Also, Senior Officer Éric Jobin sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$136.91, for a total value of C$136,913.00. In the last 90 days, insiders have sold 22,010 shares of company stock worth $2,976,055. 0.09% of the stock is currently owned by 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.