iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$135.90 and traded as high as C$142.10. iA Financial shares last traded at C$141.27, with a volume of 231,183 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Scotiabank upgraded iA Financial to a "strong-buy" rating in a report on Thursday, July 31st. CIBC reduced their price target on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada increased their target price on iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. National Bankshares increased their target price on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets increased their target price on iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$145.88.
Read Our Latest Research Report on iA Financial
iA Financial Stock Up 1.6%
The business has a 50 day simple moving average of C$143.00 and a two-hundred day simple moving average of C$136.03. The firm has a market cap of C$13.66 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.
Insider Activity
In other news, Senior Officer Pierre Miron sold 15,000 shares of the firm's stock in a transaction on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. Also, Director Denis Ricard sold 8,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$143.00, for a total value of C$1,144,000.00. Over the last 90 days, insiders have sold 27,800 shares of company stock worth $3,923,080. Company insiders own 0.09% of the company's stock.
About iA Financial
(
Get Free Report)
iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.
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