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

iA Financial Co. Inc. (TSE:IAG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$161.00 and traded as high as C$170.95. iA Financial shares last traded at C$170.84, with a volume of 283,734 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IAG. Cibc Captl Mkts cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Desjardins boosted their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. TD Securities upped their price target on shares of iA Financial from C$178.00 to C$192.00 in a report on Wednesday, January 14th. BMO Capital Markets lifted their price objective on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. Finally, National Bankshares boosted their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$169.00.

iA Financial Stock Performance

The stock has a 50 day moving average of C$173.19 and a two-hundred day moving average of C$161.00. The stock has a market cap of C$15.74 billion, a PE ratio of 14.68, a PEG ratio of 1.26 and a beta of 1.02.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, November 4th. The company reported C$3.47 EPS for the quarter. The company had revenue of C$6.67 billion during the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. Analysts expect that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total value of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. Insiders sold a total of 6,750 shares of company stock valued at $1,141,931 in the last ninety days. Company 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.