IA Financial Group (IAG) To Go Ex-Dividend on May 24th

IA Financial Group (TSE:IAG) declared a quarterly dividend on Thursday, May 10th, Zacks reports. Stockholders of record on Friday, May 25th will be given a dividend of 0.38 per share on Friday, June 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 24th.

TSE IAG opened at C$52.98 on Friday. IA Financial Group has a 52 week low of C$48.74 and a 52 week high of C$62.01.

IA Financial Group (TSE:IAG) last posted its earnings results on Thursday, February 15th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.05). IA Financial Group had a return on equity of 11.25% and a net margin of 3.75%. The firm had revenue of C$3.68 billion for the quarter.

In related news, Director Yvon Charest purchased 750 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of C$54.01 per share, with a total value of C$40,507.50. Also, insider Denis Ricard purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average cost of C$54.00 per share, for a total transaction of C$108,000.00. Over the last ninety days, insiders purchased 15,350 shares of company stock worth $678,082 and sold 11,000 shares worth $593,400.

A number of research analysts have recently commented on the stock. TD Securities reduced their target price on shares of IA Financial Group from C$67.00 to C$66.00 and set a “buy” rating on the stock in a research report on Friday, May 11th. Scotiabank reduced their target price on shares of IA Financial Group from C$62.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Friday, May 11th. Desjardins set a C$60.00 target price on shares of IA Financial Group in a research report on Thursday, April 12th. CIBC set a C$65.00 target price on shares of IA Financial Group in a research report on Thursday, March 8th. Finally, National Bank Financial reissued a “sector perform” rating and set a C$66.00 target price on shares of IA Financial Group in a research report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. IA Financial Group presently has an average rating of “Hold” and an average target price of C$62.88.

About IA Financial Group

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. The company operates through four segments: Individual Insurance, Individual Wealth Management, Group Insurance, and Group Savings and Retirement.

Dividend History for IA Financial Group (TSE:IAG)

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