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

iA Financial Co. Inc. (TSE:IAG)’s share price crossed 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 traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IAG. CIBC upped their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Desjardins raised their price target on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. Finally, TD Securities upped their target price 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. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, iA Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Stock Performance

The firm’s fifty day simple moving average is C$130.55 and its 200 day simple moving average is C$124.69. The stock has a market capitalization of C$12.60 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The firm also recently disclosed 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 2.68%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial 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. In the last three months, insiders have sold 10,510 shares of company stock valued at $1,414,864. 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.