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

iA Financial Co. Inc. (TSE:IAGGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$180.21 and traded as high as C$203.15. iA Financial shares last traded at C$201.88, with a volume of 299,960 shares.

Analysts Set New Price Targets

Several brokerages have commented on IAG. Royal Bank Of Canada upped their target price on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. TD boosted their price target on shares of iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Canadian Imperial Bank of Commerce upped their price objective on shares of iA Financial from C$208.00 to C$220.00 in a research report on Thursday, August 6th. Scotiabank raised their price objective on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Finally, National Bank Financial lifted their target price on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, iA Financial presently has an average rating of “Hold” and an average price target of C$213.61.

Read Our Latest Stock Analysis on iA Financial

iA Financial Stock Performance

The stock has a market capitalization of C$17.97 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.26 and a beta of 0.79. The firm’s fifty day simple moving average is C$204.26 and its 200 day simple moving average is C$180.56.

iA Financial (TSE:IAGGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The company had revenue of C$3.05 billion during the quarter. Analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insiders Place Their Bets

In other iA Financial news, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at C$2,467,109.70. This trade represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total value of C$245,960.00. Over the last ninety days, insiders sold 27,000 shares of company stock valued at $5,441,115. Company insiders own 0.09% of the company’s stock.

About iA Financial

(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

Further Reading

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