iA Financial (TSE:IAG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

iA Financial Co. Inc. (TSE:IAG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$132.96 and traded as high as C$143.98. iA Financial shares last traded at C$143.75, with a volume of 230,193 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IAG shares. BMO Capital Markets upped their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. CIBC dropped their target price on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Desjardins increased their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. TD Securities lifted their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Scotiabank cut their price objective 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. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, iA Financial presently has an average rating of “Moderate Buy” and an average price target of C$139.75.

iA Financial Trading Up 1.0%

The firm has a 50-day simple moving average of C$135.44 and a 200-day simple moving average of C$132.96. The firm has a market cap of C$13.49 billion, a P/E ratio of 13.69, a PEG ratio of 1.26 and a beta of 1.13.

Insiders Place Their Bets

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$136.40, for a total transaction of C$375,100.00. Also, Director Denis Ricard sold 8,000 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$143.00, for a total value of C$1,144,000.00. In the last 90 days, insiders sold 49,500 shares of company stock valued at $6,903,067. 0.09% of the stock is owned by company insiders.

iA Financial Company Profile

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.