iA Financial (TSE:IAG) Stock Price Crosses Above 200 Day Moving Average - Here's Why

iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$134.40 and traded as high as C$144.27. iA Financial shares last traded at C$144.19, with a volume of 136,282 shares changing hands.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research reports. Scotiabank decreased their target price on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research note on Friday. TD Securities lifted their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada set a C$141.00 price objective on shares of iA Financial and gave the company a "sector perform" rating in a research note on Tuesday, April 15th. Finally, CIBC reduced their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, iA Financial has a consensus rating of "Moderate Buy" and a consensus target price of C$141.00.

iA Financial Trading Up 0.8%

The stock has a market cap of C$13.57 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.26 and a beta of 1.13. The firm's fifty day moving average is C$141.79 and its 200 day moving average is C$134.50.

Insider Activity

In related news, Senior Officer Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$136.33, for a total value of C$1,363,264.00. Also, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. Over the last quarter, insiders have sold 44,000 shares of company stock worth $6,151,244. 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.