iA Financial (TSE:IAG) Stock Price Passes Above 200 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 Monday . The stock has a 200-day moving average of C$166.80 and traded as high as C$174.31. iA Financial shares last traded at C$170.45, with a volume of 250,997 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IAG. 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. TD cut 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. National Bank Financial lowered their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$177.78.

iA Financial Trading Down 0.8%

The stock has a fifty day moving average of C$166.54 and a 200 day moving average of C$166.80. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The company has a market capitalization of C$15.22 billion, a PE ratio of 15.78, a PEG ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The company had revenue of C$2.74 billion for the quarter. As a group, sell-side analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Renée Laflamme sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the transaction, the insider directly 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 position. Corporate insiders own 0.09% of the company’s stock.

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