iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$129.19 and traded as high as C$133.59. iA Financial shares last traded at C$132.07, with a volume of 241,555 shares traded.
Analyst Upgrades and Downgrades
IAG has been the subject of a number of analyst reports. Desjardins lifted their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research report on Thursday, February 20th. CIBC cut their target price on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a research report on Thursday. Royal Bank of Canada set a C$141.00 price target on iA Financial and gave the stock a "sector perform" rating in a research report on Tuesday, April 15th. Scotiabank cut their price objective on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, BMO Capital Markets raised their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$139.75.
View Our Latest Research Report on IAG
iA Financial Stock Performance
The company has a market capitalization of C$12.86 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The firm's fifty day moving average is C$129.84 and its 200-day moving average is C$129.57.
iA Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. iA Financial's dividend payout ratio (DPR) is presently 31.25%.
Insider Activity
In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total transaction of C$368,525.85. In the last ninety days, insiders sold 12,750 shares of company stock worth $1,731,044. Insiders own 0.09% of the company's stock.
iA Financial Company Profile
(
Get Free Report)
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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