iA Financial (TSE:IAG) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of iA Financial Co. Inc. (TSE:IAG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$164.25 and traded as high as C$168.95. iA Financial shares last traded at C$168.47, with a volume of 163,041 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Securities dropped their price objective on iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Scotiabank dropped their price objective on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. National Bank Financial dropped their price objective on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 18th. BMO Capital Markets dropped their price objective on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$178.25.

iA Financial Price Performance

The firm has a market cap of C$15.68 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.26 and a beta of 0.86. The firm has a fifty day simple moving average of C$157.49 and a two-hundred day simple moving average of C$164.38.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. The business had revenue of C$3.23 billion during the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. Equities analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity

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

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.