iA Financial (TSE:IAG) Shares Pass Above 200-Day Moving Average – What’s Next?

iA Financial Co. Inc. (TSE:IAG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$113.93 and traded as high as C$133.65. iA Financial shares last traded at C$132.90, with a volume of 160,584 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on IAG shares. TD Securities boosted their price target on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Scotiabank boosted their price target on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Finally, National Bankshares boosted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$129.75.

iA Financial Trading Up 0.1 %

The stock has a market capitalization of C$12.65 billion, a PE ratio of 17.80, a PEG ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The business’s 50-day moving average is C$132.53 and its two-hundred day moving average is C$114.26.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, November 5th. The company reported C$2.93 EPS for the quarter, beating analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. On average, analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis 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 of this dividend was Friday, November 22nd. iA Financial’s dividend payout ratio is presently 43.91%.

Insider Activity

In other news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Over the last three months, insiders sold 58,010 shares of company stock valued at $7,675,070. Insiders own 0.09% of the company’s stock.

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.