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

iA Financial Co. Inc. (TSE:IAG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$106.55 and traded as high as C$133.72. iA Financial shares last traded at C$133.39, with a volume of 163,561 shares traded.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of research analyst reports. National Bankshares increased their target price on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Scotiabank boosted their target price on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$129.75.

iA Financial Stock Down 0.6 %

The company has a 50 day moving average of C$127.33 and a 200-day moving average of C$107.12. The company has a market capitalization of C$12.62 billion, a P/E ratio of 17.76, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.71%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at C$67,000. This trade represents a 84.62 % decrease in their position. Also, Director Denis Ricard sold 7,200 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Insiders have sold 54,750 shares of company stock worth $7,239,429 over the last 90 days. 0.09% of the stock is owned by company insiders.

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.