iA Financial (TSE:IAG) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• iA Financial shares rose above their 200-day moving average, reaching C$214.42 and last trading at C$213.35, compared with a 200-day average of C$182.45.
• Analysts have raised their price targets to between C$198.52 and C$225, but the consensus remains “Hold”, with one Buy rating and eight Hold ratings and an average target of C$213.61.
• The company reported quarterly EPS of C$3.68 on C$3.05 billion in revenue, while insiders sold approximately 25,700 shares worth C$5.2 million over the past three months.

iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$182.45 and traded as high as C$214.42. iA Financial shares last traded at C$213.35, with a volume of 304,501 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on IAG. Royal Bank Of Canada raised their price target on iA Financial from C$167.00 to C$213.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Canadian Imperial Bank of Commerce increased their target price on iA Financial from C$208.00 to C$220.00 in a research note on Thursday, August 6th. Scotiabank lifted their price target on iA Financial from C$168.00 to C$198.52 and gave the stock a "sector perform" rating in a research report on Wednesday, July 15th. Scotia upped their price target on iA Financial from C$198.52 to C$223.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets increased their price objective on iA Financial from C$215.00 to C$225.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$213.61.

iA Financial Stock Performance

The firm's 50-day simple moving average is C$204.93 and its 200-day simple moving average is C$182.45. The company has a market capitalization of C$18.86 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79.

iA Financial (TSE:IAG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The business had revenue of C$3.05 billion during the quarter. Equities research analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

Insider Transactions at iA Financial

In other iA Financial news, insider Alain Bergeron sold 700 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total value of C$136,780.00. Also, insider Renée Laflamme sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the completion of the sale, the insider owned 11,645 shares of the company's stock, valued at C$2,467,109.70. This represents a 51.77% decrease in their position. Over the last three months, insiders have sold 25,700 shares of company stock worth $5,195,155. 0.09% of the stock is owned by company insiders.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc

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