iA Financial (TSE:IAG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

iA Financial Co. Inc. (TSE:IAGGet 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$166.08 and traded as high as C$170.90. iA Financial shares last traded at C$170.90, with a volume of 310,863 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on IAG shares. Scotiabank lowered their price objective on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Desjardins increased their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. National Bank Financial decreased their target price on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, BMO Capital Markets cut their price objective on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$177.78.

Read Our Latest Analysis on IAG

iA Financial Price Performance

The company’s 50-day moving average is C$161.12 and its 200-day moving average is C$166.08. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The firm has a market cap of C$15.52 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAGGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The business had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Equities research analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insiders Place Their Bets

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

iA Financial Company Profile

(Get Free Report)

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc

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