iA Financial (TSE:IAG) Stock Passes Above 200 Day Moving Average – Time to Sell?

iA Financial Co. Inc. (TSE:IAG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$94.03 and traded as high as C$117.99. iA Financial shares last traded at C$117.31, with a volume of 135,205 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. CIBC upped their target price on iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. BMO Capital Markets boosted their price objective on iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price objective on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. TD Securities boosted their price objective on iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Scotiabank boosted their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$105.25.

iA Financial Price Performance

The stock has a market capitalization of C$11.16 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The business has a 50-day simple moving average of C$106.90 and a two-hundred day simple moving average of C$94.03.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, research analysts predict that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were issued a $0.82 dividend. The ex-dividend date was Friday, August 23rd. This represents a $3.28 annualized dividend and a dividend yield of 2.80%. iA Financial’s dividend payout ratio is currently 43.91%.

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.