iA Financial (TSE:IAG) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

iA Financial Co. Inc. (TSE:IAG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$173.64 and traded as high as C$207.83. iA Financial shares last traded at C$207.83, with a volume of 274,157 shares traded.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank upped their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce boosted their target price on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. TD upped their target price on shares of iA Financial from C$190.00 to C$214.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Scotia reduced their target price on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$188.72.

iA Financial Stock Performance

The firm has a market cap of C$18.50 billion, a PE ratio of 19.19, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The stock has a 50-day moving average price of C$192.24 and a 200 day moving average price of C$173.88.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The firm had revenue of C$2.74 billion for the quarter. Research analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insider Transactions at iA Financial

In related news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the completion of the sale, the insider directly owned 11,645 shares in the company, valued at approximately C$2,245,272.45. The trade was a 51.77% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the transaction, the insider directly owned 4,900 shares of the company’s stock, valued at C$857,010. This trade represents a 75.38% decrease in their position. Insiders have sold a total of 39,500 shares of company stock worth $7,156,765 in the last three months. Company insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc