iA Financial (TSE:IAG) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• iA Financial's stock has crossed above its 200-day moving average, currently trading at C$157.37, which may indicate potential shifts in stock performance.
• Analysts have mixed ratings on the stock, with two strong buys, three buys, and five holds, reflecting varied investor sentiment on its trajectory.
• Insider trading activity shows significant sales, with Pierre Miron selling 20,000 shares, reducing his ownership by 80.32%, which could raise concerns among investors.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$142.51 and traded as high as C$159.94. iA Financial shares last traded at C$157.37, with a volume of 179,386 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on IAG. Cormark downgraded shares of iA Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Desjardins boosted their price objective on shares of iA Financial from C$147.00 to C$149.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$142.00 to C$151.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. TD Securities boosted their price objective on shares of iA Financial from C$158.00 to C$175.00 in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research report 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$149.38.

iA Financial Stock Down 1.5%

The business's 50 day simple moving average is C$151.03 and its two-hundred day simple moving average is C$142.51. The stock has a market cap of C$14.60 billion, a P/E ratio of 14.69, a PEG ratio of 1.26 and a beta of 0.89.

Insiders Place Their Bets

In other iA Financial news, insider Pierre Miron sold 20,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the sale, the insider owned 4,900 shares of the company's stock, valued at approximately C$737,930.20. The trade was a 80.32% decrease in their ownership of the stock. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business's 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. Insiders own 0.09% of the company's stock.

iA Financial Company Profile

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.

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