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

iA Financial Co. Inc. (TSE:IAG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$167.47 and traded as high as C$179.91. iA Financial shares last traded at C$178.83, with a volume of 260,734 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IAG. National Bank Financial lowered their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets lowered their price objective on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Desjardins lifted their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Scotiabank lowered their price objective on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Finally, TD downgraded iA Financial from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$177.78.

iA Financial Stock Performance

The stock has a 50-day simple moving average of C$170.90 and a 200-day simple moving average of C$167.47. 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 market cap of C$15.96 billion, a PE ratio of 16.56, a P/E/G ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) 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 during the quarter. Equities analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Insider Transactions at iA Financial

In other iA Financial news, insider Renée Laflamme sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the completion of the sale, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,026,695.80. The trade was a 46.20% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the sale, the insider directly owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This trade represents a 75.38% decrease in their position. 0.09% of the stock is currently owned by insiders.

iA Financial Company Profile

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