iA Financial (TSE:IAG) Stock Crosses Above 200 Day Moving Average of $77.64

iA Financial Co. Inc. (TSE:IAG – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$77.64 and traded as high as C$83.40. iA Financial shares last traded at C$82.64, with a volume of 411,115 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on iA Financial from C$89.00 to C$95.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Cormark raised their target price on iA Financial from C$87.00 to C$95.00 in a research report on Monday, January 23rd. TD Securities raised iA Financial from a “buy” rating to an “action list buy” rating and raised their target price for the stock from C$92.00 to C$100.00 in a research report on Thursday, February 16th. Scotiabank raised their target price on iA Financial from C$102.00 to C$104.00 in a research report on Thursday, February 16th. Finally, Canaccord Genuity Group raised their target price on iA Financial from C$88.50 to C$92.50 in a research report on Thursday, February 16th.

iA Financial Price Performance

The firm has a market capitalization of C$8.66 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.17. The business has a 50-day moving average of C$84.24 and a 200 day moving average of C$77.64. The company has a current ratio of 0.85, a quick ratio of 0.17 and a debt-to-equity ratio of 46.64.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, February 24th were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.27%. This is a positive change from iA Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 23rd. iA Financial’s payout ratio is presently 35.29%.

iA Financial Company Profile

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iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.