Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$124.47 and traded as high as C$131.49. iA Financial shares last traded at C$130.98, with a volume of 158,559 shares traded.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Scotiabank lowered shares of iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. CIBC upped their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Royal Bank of Canada upped their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Desjardins increased their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. Finally, TD Securities increased their target price on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$140.75.
Read Our Latest Analysis on IAG
iA Financial Stock Performance
The stock's fifty day moving average is C$130.62 and its two-hundred day moving average is C$125.07. The firm has a market cap of C$12.60 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.26 and a beta of 1.13.
iA Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.68%. iA Financial's dividend payout ratio is presently 31.25%.
Insider Activity
In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the firm's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.64, for a total value of C$367,515.78. In the last quarter, insiders sold 10,510 shares of company stock worth $1,414,864. Corporate insiders own 0.09% of the company's stock.
About iA Financial
(
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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.
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