iA Financial (TSE:IAG) Stock Crosses Above 200 Day Moving Average – What’s Next?

iA Financial Co. Inc. (TSE:IAG)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$177.92 and traded as high as C$199.16. iA Financial shares last traded at C$199.12, with a volume of 387,382 shares changing hands.

Analysts Set New Price Targets

Several research analysts have issued reports on IAG shares. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. BMO Capital Markets boosted their target price on iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial upped their price target on iA Financial from C$205.00 to C$216.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Finally, Scotiabank lifted 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 report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$213.61.

iA Financial Price Performance

The business’s 50 day simple moving average is C$202.54 and its 200-day simple moving average is C$178.11. The stock has a market capitalization of C$17.63 billion, a P/E ratio of 17.17, a PEG ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. The company had revenue of C$3.05 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. Research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity at iA Financial

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the transaction, the insider owned 4,900 shares of the company’s stock, valued at approximately C$857,010. This represents a 75.38% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 700 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total value of C$136,780.00. Over the last quarter, insiders sold 42,000 shares of company stock worth $8,064,615. 0.09% of the stock is owned by insiders.

iA Financial Company Profile

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