iA Financial (TSE:IAG) Shares Cross Above 200-Day Moving Average – Here’s What Happened

iA Financial Co. Inc. (TSE:IAG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$166.08 and traded as high as C$170.90. iA Financial shares last traded at C$170.90, with a volume of 310,863 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. BMO Capital Markets reduced their price objective on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Finally, Scotia reduced their price objective on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$177.78.

iA Financial Stock Up 0.0%

The stock’s 50-day moving average price is C$161.49 and its two-hundred day moving average price is C$166.12. The stock has a market capitalization of C$15.53 billion, a PE ratio of 15.83, a P/E/G ratio of 1.26 and a beta of 0.92. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60.

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

Insider Transactions at iA Financial

In other news, insider Ï¿½Ric Jobin purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of C$151.82 per share, for a total transaction of C$151,820.00. Following the purchase, the insider directly owned 1,941 shares in the company, valued at approximately C$294,682.62. This trade represents a 106.27% increase in their position. Also, Director Denis Ricard purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of C$152.00 per share, for a total transaction of C$912,000.00. Following the purchase, the director owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their ownership of the stock. 0.09% of the stock is owned by corporate 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