iA Financial (TSE:IAG) Stock Passes Above 200-Day Moving Average - Time to Sell?

iA Financial Co. Inc. (TSE:IAG - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$132.48 and traded as high as C$140.05. iA Financial shares last traded at C$139.67, with a volume of 211,703 shares.

Analyst Upgrades and Downgrades

IAG has been the topic of a number of analyst reports. TD Securities lifted their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Scotiabank lowered their target price on iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. CIBC lowered their target price on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Desjardins lifted their target price on 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. Finally, BMO Capital Markets lifted their target price 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. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$139.75.

iA Financial Stock Performance

The stock has a 50 day moving average of C$133.46 and a 200-day moving average of C$132.48. The firm has a market capitalization of C$13.16 billion, a P/E ratio of 13.36, a PEG ratio of 1.26 and a beta of 1.13.

Insider Activity

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$136.40, for a total value of C$375,100.00. Also, Senior Officer Éric Jobin sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$142.89, for a total transaction of C$214,341.00. Insiders have sold a total of 49,500 shares of company stock worth $6,903,067 over the last ninety days. Company insiders own 0.09% of the company's stock.

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.