iA Financial (TSE:IAG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

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$173.64 and traded as high as C$207.83. iA Financial shares last traded at C$207.83, with a volume of 274,157 shares changing hands.

Analyst Upgrades and Downgrades

IAG has been the topic of a number of recent research reports. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce raised their price objective on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. National Bank Financial lifted their price objective on shares of iA Financial from C$179.00 to C$205.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. TD upped their target price on shares of iA Financial from C$190.00 to C$214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Finally, Scotiabank increased their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$188.72.

iA Financial Stock Performance

The stock has a market capitalization of C$18.55 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The stock has a fifty day moving average of C$191.57 and a 200-day moving average of C$173.64.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The company had revenue of C$2.74 billion for the quarter. Equities analysts anticipate that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alain Bergeron sold 1,300 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. Also, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares in the company, valued at C$2,245,272.45. The trade was a 51.77% decrease in their ownership of the stock. In the last quarter, insiders sold 39,500 shares of company stock worth $7,156,765. 0.09% of the stock is currently owned by company insiders.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc