iA Financial (TSE:IAG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

iA Financial Co. Inc. (TSE:IAG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IAG shares. BMO Capital Markets raised their price target 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 lifted their price target on iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their price objective on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Desjardins increased their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$140.75.

iA Financial Trading Up 1.1 %

The company has a 50 day moving average of C$130.55 and a 200 day moving average of C$124.69. The firm has a market cap of C$12.60 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.68%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insiders Place Their Bets

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Over the last quarter, insiders have sold 10,510 shares of company stock valued at $1,414,864. 0.09% of the stock is currently owned by corporate 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.