iA Financial (TSE:IAG) Stock Passes Above 200 Day Moving Average – Time to Sell?

iA Financial Co. Inc. (TSE:IAG)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$105.18 and traded as high as C$135.32. iA Financial shares last traded at C$133.58, with a volume of 194,003 shares changing hands.

Analysts Set New Price Targets

IAG has been the topic of a number of recent research reports. TD Securities upped their target price on shares of iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. National Bankshares boosted their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Scotiabank raised their target price on iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. Finally, CIBC lifted their price target on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, iA Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$129.75.

iA Financial Stock Performance

The business’s fifty day simple moving average is C$124.96 and its 200-day simple moving average is C$105.18. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The firm has a market capitalization of C$12.71 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.70%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s payout ratio is presently 43.91%.

Insider Activity

In other news, Director Denis Ricard sold 7,200 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Insiders sold a total of 54,750 shares of company stock worth $7,239,429 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

iA Financial Company Profile

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.