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

iA Financial Co. Inc. (TSE:IAG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$166.42 and traded as high as C$175.92. iA Financial shares last traded at C$173.83, with a volume of 253,106 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Desjardins increased their price target on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotia reduced their target price on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. National Bank Financial lowered their target price on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Scotiabank dropped their price target on shares of iA Financial from C$188.00 to C$174.00 in a research report on Thursday, February 19th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$177.78.

iA Financial Stock Down 1.1%

The stock has a fifty day moving average of C$163.76 and a 200 day moving average of C$166.42. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. The firm has a market capitalization of C$15.52 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. On average, research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

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