iA Financial (TSE:IAG) Stock Passes 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 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. National Bankshares raised their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. TD Securities upped their price objective on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$129.75.

iA Financial Stock Down 0.8 %

The firm has a market capitalization of C$12.71 billion, a PE ratio of 17.88, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a fifty day simple moving average of C$124.96 and a two-hundred day simple moving average of C$105.18.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.70%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, November 22nd. iA Financial’s dividend payout ratio is presently 43.91%.

Insider Buying and Selling at iA Financial

In related news, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Éric Jobin sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$136.91, for a total value of C$136,913.00. In the last quarter, insiders have sold 54,750 shares of company stock valued at $7,239,429. Company insiders own 0.09% of the company’s stock.

About iA Financial

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.