Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) Share Price Passes Above Two Hundred Day Moving Average of $52.12

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Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $52.12 and traded as high as $54.40. Industrial Alliance Insur. & Fin. Ser. shares last traded at $53.87, with a volume of 50,747 shares traded.

A number of research firms have recently weighed in on IAG. Royal Bank of Canada decreased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$64.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. TD Securities raised their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$65.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Canaccord Genuity raised their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$63.00 to C$64.00 in a research report on Friday, August 2nd. Finally, National Bank Financial raised their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd.

The company has a debt-to-equity ratio of 33.16, a current ratio of 0.65 and a quick ratio of 0.36. The firm has a market cap of $5.87 billion and a price-to-earnings ratio of 9.12. The business’s 50-day moving average price is C$54.02 and its two-hundred day moving average price is C$52.12.

About Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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.

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