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

iA Financial Co. Inc. (TSE:IAG) shares crossed 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IAG. National Bank Financial reduced 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 note on Wednesday, May 6th. Scotia reduced their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. BMO Capital Markets reduced their price objective on iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. TD cut iA Financial from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Finally, Scotiabank reduced their price objective on iA Financial from C$188.00 to C$174.00 in a research note on Thursday, February 19th. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial has a consensus rating of “Hold” and an average target price of C$177.78.

iA Financial Stock Performance

The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The company has a 50 day moving average of C$170.90 and a 200 day moving average of C$167.47. The firm has a market cap of C$15.96 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last released 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 business had revenue of C$2.74 billion for the quarter. As a group, equities research analysts expect that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Insider Activity

In related 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 value of C$1,740,400.00. Following the transaction, the insider owned 11,645 shares in the company, 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 stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the transaction, the insider owned 4,900 shares in the company, valued at approximately C$857,010. This trade represents a 75.38% decrease in their position. Insiders own 0.09% of the company’s stock.

About iA Financial

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