iA Financial (TSE:IAG) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

iA Financial Co. Inc. (TSE:IAG - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$144.19 and traded as high as C$160.78. iA Financial shares last traded at C$160.70, with a volume of 113,986 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IAG shares. Cormark lowered shares of 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 shares of iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Desjardins increased their target price on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a "hold" rating in a research report on Wednesday, October 15th. BMO Capital Markets increased their target price on shares of iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. Finally, Scotiabank upgraded shares of iA Financial to a "strong-buy" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$153.13.

iA Financial Stock Performance

The stock's fifty day moving average price is C$154.31 and its two-hundred day moving average price is C$144.19. The company has a market cap of C$14.91 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.26 and a beta of 0.89.

Insider Buying and Selling

In other news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the sale, the insider directly owned 4,900 shares of the company's stock, valued at approximately C$737,930.20. This trade represents a 80.32% decrease in their position. Corporate 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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