iA Financial (TSE:IAG) Stock Passes Above 200 Day Moving Average – Should You Sell?

iA Financial Co. Inc. (TSE:IAG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$167.47 and traded as high as C$179.91. iA Financial shares last traded at C$178.83, with a volume of 260,734 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IAG shares. Desjardins raised their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. BMO Capital Markets decreased their target price on shares of iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and cut their price target for the stock from C$193.00 to C$190.00 in a report on Wednesday, May 6th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Scotiabank reduced their target price on iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$177.78.

iA Financial Trading Up 0.5%

The firm has a market cap of C$15.96 billion, a PE ratio of 16.56, a PEG ratio of 1.26 and a beta of 0.97. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The stock’s fifty day simple moving average is C$170.90 and its 200-day simple moving average is C$167.47.

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

Insider Activity

In other news, insider Renée Laflamme sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the completion of the transaction, the insider owned 11,645 shares of the company’s stock, valued at C$2,026,695.80. The trade was a 46.20% decrease in their position. Also, insider Pierre Miron sold 15,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the sale, the insider owned 4,900 shares in the company, valued at C$857,010. The trade was a 75.38% decrease in their position. Insiders own 0.09% of the company’s stock.

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