iA Financial (TSE:IAG) Stock Price Passes Above 200 Day Moving Average of $88.37

Shares of iA Financial Co. Inc. (TSE:IAGGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$88.37 and traded as high as C$89.01. iA Financial shares last traded at C$88.28, with a volume of 267,691 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IAG shares. Scotiabank cut their price target on iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. CIBC upgraded iA Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$97.00 to C$100.00 in a research note on Friday, May 10th. Royal Bank of Canada raised their target price on iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. BMO Capital Markets raised their target price on iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. Finally, Desjardins cut their target price on iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$89.72.

Read Our Latest Report on IAG

iA Financial Trading Down 0.7 %

The firm has a fifty day simple moving average of C$86.69 and a two-hundred day simple moving average of C$88.37. The stock has a market cap of C$8.68 billion, a PE ratio of 12.19, a PEG ratio of 1.26 and a beta of 1.11. The company has a current ratio of 2.31, a quick ratio of 0.17 and a debt-to-equity ratio of 46.17.

iA Financial (TSE:IAGGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C$2.44 earnings per share for the quarter, beating the consensus estimate of C$2.38 by C$0.06. iA Financial had a return on equity of 10.54% and a net margin of 9.25%. The firm had revenue of C$1.60 billion for the quarter. As a group, equities analysts expect that iA Financial Co. Inc. will post 10.3022222 earnings per share for the current fiscal year.

iA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 24th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.72%. iA Financial’s dividend payout ratio is 45.30%.

Insider Activity at iA Financial

In related news, Director Denis Ricard sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$92.00, for a total transaction of C$496,800.00. In related news, Director Denis Ricard sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$92.00, for a total transaction of C$496,800.00. Also, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$84.59, for a total value of C$422,937.00. In the last three months, insiders have sold 41,000 shares of company stock valued at $3,706,408. Corporate insiders own 0.09% of the company’s stock.

iA Financial Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iA Financial and related companies with MarketBeat.com's FREE daily email newsletter.