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

iA Financial Co. Inc. (TSE:IAG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$118.61 and traded as high as C$130.75. iA Financial shares last traded at C$128.82, with a volume of 198,784 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on IAG shares. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. CIBC lifted their price target on shares of iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. Finally, Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$129.88.

iA Financial Price Performance

The firm has a market cap of C$12.23 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company’s 50-day simple moving average is C$132.08 and its 200 day simple moving average is C$118.90.

Insider Activity at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Director Denis Ricard sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$135.00, for a total transaction of C$1,350,000.00. In the last quarter, insiders sold 22,010 shares of company stock valued at $2,976,055. Insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.