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iA Financial (TSE:IAG) Shares Pass Above 200-Day Moving Average - Here's What Happened

iA Financial logo with Financial Services background

Key Points

  • iA Financial shares have surpassed their 200-day moving average, trading at C$151.49, which could indicate bullish momentum.
  • Analyst ratings reflect a consensus of "Moderate Buy" with average price targets ranging from C$145.88 to C$160.00, with some firms issuing "Strong Buy" ratings.
  • Insider sales were reported, with St�Phanie Butt Thibodeau selling 3,000 shares at C$149.00, indicating active trading among corporate insiders.
  • Five stocks we like better than iA Financial.

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$138.47 and traded as high as C$152.30. iA Financial shares last traded at C$151.49, with a volume of 342,933 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on IAG. National Bankshares upped their price target on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. Cormark cut iA Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their target price on iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Scotiabank raised iA Financial to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets increased their target price on iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, iA Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of C$145.88.

View Our Latest Stock Report on IAG

iA Financial Price Performance

The company has a market capitalization of C$14.41 billion, a PE ratio of 14.49, a PEG ratio of 1.26 and a beta of 0.85. The firm has a 50-day moving average of C$145.90 and a 200 day moving average of C$139.05.

Insider Activity at iA Financial

In related news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total transaction of C$447,000.00. 0.09% of the stock is owned by company insiders.

iA Financial Company Profile

(Get Free Report)

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.

Further Reading

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