iA Financial (TSE:IAG) Shares Pass Above 200 Day Moving Average – Here’s Why

iA Financial Co. Inc. (TSE:IAG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$151.91 and traded as high as C$167.26. iA Financial shares last traded at C$167.25, with a volume of 227,522 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IAG. National Bankshares increased their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. BMO Capital Markets lifted their target price on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their target price on shares of iA Financial from C$151.00 to C$167.00 in a report on Thursday, November 6th. Desjardins increased their price target on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, TD Securities increased their price target on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$165.43.

iA Financial Price Performance

The stock has a market cap of C$15.41 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.26 and a beta of 0.90. The company’s fifty day simple moving average is C$162.76 and its two-hundred day simple moving average is C$151.91.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. The business had revenue of C$6.67 billion for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. On average, analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of iA Financial stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total transaction of C$380,847.40. Over the last ninety days, insiders sold 3,750 shares of company stock valued at $616,181. Corporate insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.