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

iA Financial Co. Inc. (TSE:IAG) declared a quarterly dividend on Tuesday, November 5th, Zacks 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 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82.

iA Financial Trading Down 1.0 %

Shares of iA Financial stock traded down C$1.29 during trading hours on Thursday, reaching C$132.36. 84,370 shares of the company’s stock were exchanged, compared to its average volume of 281,843. The firm has a market capitalization of C$12.59 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. 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 company has a fifty day moving average of C$111.27 and a 200-day moving average of C$96.70. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$134.29.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The business 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%. Sell-side analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IAG shares. BMO Capital Markets increased their price target on iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Scotiabank increased their price target on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. Finally, Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. 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 company. Based on data from MarketBeat, iA Financial currently has an average rating of “Moderate Buy” and an average target price 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.