iA Financial Co. Inc. (IAG) to Issue Quarterly Dividend of $0.90 on December 16th

iA Financial Co. Inc. (TSE:IAG) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82.

iA Financial Trading Down 1.2 %

iA Financial stock traded down C$1.65 during mid-day trading on Thursday, hitting C$132.00. The company’s stock had a trading volume of 65,189 shares, compared to its average volume of 282,074. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$134.29. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$12.56 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The stock’s fifty day moving average is C$111.27 and its two-hundred day moving average is C$96.70.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

Analysts Set New Price Targets

IAG has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. National Bankshares boosted their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. Scotiabank raised their price target on iA Financial from C$110.00 to C$126.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, iA Financial has an average rating of “Moderate Buy” and a consensus price target of C$117.13.

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.