iA Financial (TSE:IAG) Stock Price Crosses Above 200-Day Moving Average - What's Next?

iA Financial Co. Inc. (TSE:IAG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$106.55 and traded as high as C$133.72. iA Financial shares last traded at C$133.39, with a volume of 163,561 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. CIBC increased their price target on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Scotiabank upped their price target on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. TD Securities raised their price target on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada cut shares of iA Financial from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, iA Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$129.75.

iA Financial Trading Down 0.6 %

The company has a market capitalization of C$12.62 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The company's fifty day moving average is C$127.33 and its 200-day moving average is C$107.12.

iA Financial Increases Dividend

The business 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 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, November 22nd. This is a positive change from iA Financial's previous quarterly dividend of $0.82. iA Financial's payout ratio is 43.91%.

Insider Transactions at iA Financial

In other iA Financial news, Senior Officer Pierre Miron sold 15,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Director Denis Ricard sold 7,200 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Insiders have sold a total of 54,750 shares of company stock valued at $7,239,429 in the last 90 days. Insiders own 0.09% of the company's stock.

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.