iA Financial (TSE:IAG) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of iA Financial Co. Inc. (TSE:IAG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$113.93 and traded as high as C$133.65. iA Financial shares last traded at C$132.90, with a volume of 160,584 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IAG shares. 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 raised their target price on shares of iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Royal Bank of Canada cut shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Cormark boosted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, iA Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$129.75.

iA Financial Price Performance

The stock’s 50-day moving average is C$132.51 and its 200 day moving average is C$113.93. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The company has a market cap of C$12.64 billion, a PE ratio of 17.79, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, equities analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $3.60 annualized dividend and a dividend yield of 2.71%. This is an increase from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio is 43.91%.

Insider Buying and Selling

In related news, Director Denis Ricard sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Insiders sold 58,010 shares of company stock worth $7,675,070 in the last three months. Corporate 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.