iA Financial (TSE:IAG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

iA Financial Co. Inc. (TSE:IAG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$124.47 and traded as high as C$131.49. iA Financial shares last traded at C$130.98, with a volume of 158,559 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IAG. BMO Capital Markets upped their price objective on iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. CIBC upped their price objective on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. TD Securities upped their price objective on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Desjardins upped their target price on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$140.75.

iA Financial Stock Up 1.4 %

The stock has a market capitalization of C$12.29 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a 50 day moving average of C$130.50 and a 200 day moving average of C$124.47.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.75%. iA Financial’s payout ratio is currently 31.25%.

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Insiders sold 10,510 shares of company stock worth $1,414,864 over the last three months. 0.09% of the stock is owned by insiders.

About iA Financial

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.