iA Financial (TSE:IAG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

iA Financial Co. Inc. (TSE:IAG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$149.27 and traded as high as C$166.56. iA Financial shares last traded at C$164.30, with a volume of 714,189 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Securities raised their target price on iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. CIBC lifted their price objective on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Desjardins upped their price objective on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. BMO Capital Markets increased their target price on shares of iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price target on shares of iA Financial from C$151.00 to C$167.00 in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$165.43.

iA Financial Price Performance

The company has a market cap of C$15.14 billion, a PE ratio of 14.12, a PEG ratio of 1.26 and a beta of 0.87. The firm’s 50 day moving average is C$159.88 and its 200 day moving average is C$149.27.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$3.91 EPS for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The firm had revenue of C$6.67 billion during the quarter. As a group, analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insider Activity

In other news, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total transaction of C$380,847.40. Also, insider Pierre Miron sold 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 4,900 shares of the company’s stock, valued at C$737,930.20. This trade represents a 80.32% decrease in their ownership of the stock. In the last ninety days, insiders sold 23,750 shares of company stock worth $3,628,141. Insiders own 0.09% of the company’s stock.

About iA Financial

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.