iA Financial (TSE:IAG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

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$134.40 and traded as high as C$144.27. iA Financial shares last traded at C$144.19, with a volume of 136,282 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on IAG shares. CIBC lowered their price target on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Scotiabank decreased their price target on shares of iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. TD Securities upped their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada set a C$141.00 price objective on iA Financial and gave the company a “sector perform” rating in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and an average target price of C$139.75.

iA Financial Stock Up 0.0%

The business has a fifty day simple moving average of C$141.66 and a two-hundred day simple moving average of C$134.40. The company has a market cap of C$13.53 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Transactions at iA Financial

In other iA Financial news, Senior Officer Renée Laflamme sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Also, Senior Officer Éric Jobin sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$142.89, for a total transaction of C$214,341.00. Insiders have sold a total of 44,000 shares of company stock valued at $6,151,244 over the last three months. Corporate insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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.