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

iA Financial Co. Inc. (TSE:IAG) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$190.12 and traded as high as C$211.13. iA Financial shares last traded at C$210.18, with a volume of 321,311 shares traded.

Wall Street Analyst Weigh In

IAG has been the subject of a number of analyst reports. TD lifted their price target on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Canadian Imperial Bank of Commerce boosted their price objective on iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Scotiabank increased their price objective on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Desjardins raised their target price on iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Finally, Scotia raised their target price on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, iA Financial currently has an average rating of “Hold” and an average target price of C$213.61.

iA Financial Stock Performance

The stock has a market cap of C$18.73 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.81. The company’s 50 day moving average price is C$205.46 and its 200-day moving average price is C$190.51.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The company had revenue of C$3.05 billion during the quarter. On average, analysts forecast that iA Financial Co. Inc. will post 11.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the transaction, the insider directly owned 11,645 shares in the company, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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