iA Financial (TSE:IAG) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

iA Financial Co. Inc. (TSE:IAG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$105.18 and traded as high as C$135.32. iA Financial shares last traded at C$133.58, with a volume of 194,003 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IAG. CIBC boosted their price objective on shares of iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. National Bankshares lifted their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Royal Bank of Canada downgraded shares of iA Financial from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Cormark lifted their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded iA Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, iA Financial presently has an average rating of "Moderate Buy" and a consensus target price of C$129.75.

iA Financial Price Performance

The company's 50-day simple moving average is C$124.96 and its 200 day simple moving average is C$105.18. The stock has a market capitalization of C$12.71 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from iA Financial's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial's dividend payout ratio (DPR) is presently 43.91%.

Insider Buying and Selling

In other news, Senior Officer Pierre Miron sold 15,000 shares of iA Financial 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 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. In the last ninety days, insiders sold 54,750 shares of company stock worth $7,239,429. 0.09% of the stock is currently owned by insiders.

iA Financial Company Profile

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.