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

iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$113.93 and traded as high as C$133.65. iA Financial shares last traded at C$132.90, with a volume of 160,584 shares traded.

Analysts Set New Price Targets

IAG has been the subject of several recent research reports. TD Securities increased their price objective on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Cormark increased their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Royal Bank of Canada lowered iA Financial from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. CIBC increased their price objective on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. Finally, National Bankshares raised their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, iA Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$129.75.

iA Financial Stock Up 0.1 %

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 business has a 50 day moving average price of C$132.51 and a 200 day moving average price of C$113.93. The firm has a market capitalization of C$12.65 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 EPS for the quarter, topping analysts' consensus estimates of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from iA Financial's previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 2.71%. iA Financial's dividend payout ratio (DPR) is 43.91%.

Insider Buying and Selling

In other news, Senior Officer Michael Lee Stickney sold 1,000 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$130.60, for a total value of C$130,600.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total value of C$367,515.78. Insiders have sold a total of 58,010 shares of company stock valued at $7,675,070 over the last three months. 0.09% of the stock is owned by corporate insiders.

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.