iA Financial (TSE:IAG) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

iA Financial Co. Inc. (TSE:IAG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$156.18 and traded as high as C$178.39. iA Financial shares last traded at C$177.83, with a volume of 97,253 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. CIBC lifted their target price on shares of iA Financial from C$150.00 to C$173.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. National Bankshares lifted their price objective on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Royal Bank Of Canada boosted their price objective on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. TD Securities raised their target price on iA Financial from C$175.00 to C$178.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, BMO Capital Markets lifted their price target on iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, iA Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$165.43.

iA Financial Trading Down 0.2%

The company has a fifty day moving average price of C$169.29 and a two-hundred day moving average price of C$156.42. The firm has a market capitalization of C$16.48 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.26 and a beta of 0.90.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$3.47 EPS for the quarter. The firm had revenue of C$6.67 billion during the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. As a group, equities research analysts expect that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling at iA Financial

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of iA Financial stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total transaction of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. In the last quarter, insiders have sold 6,750 shares of company stock worth $1,141,931. Insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.