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

Shares of 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 traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IAG shares. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC raised their target price on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. National Bankshares raised their target price on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cormark raised their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.75.

iA Financial Trading Up 0.1 %

The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$12.65 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.26 and a beta of 1.13. The company has a fifty day moving average of C$132.53 and a 200-day moving average of C$114.26.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities research 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. Shareholders of record on Friday, November 22nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.71%. This is a positive change 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 43.91%.

Insiders Place Their Bets

In other iA Financial news, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Insiders have sold 58,010 shares of company stock valued at $7,675,070 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

About iA Financial

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.