iA Financial (TSE:IAG) Sets New 12-Month High – Time to Buy?

iA Financial Co. Inc. (TSE:IAG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$173.25 and last traded at C$173.99, with a volume of 114726 shares traded. The stock had previously closed at C$170.95.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Desjardins increased their target price on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. CIBC upped their price objective on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Royal Bank Of Canada increased their price target on shares of iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. National Bankshares upped their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Finally, BMO Capital Markets lifted their price target on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$165.43.

iA Financial Trading Up 1.5%

The stock has a market cap of C$15.99 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.26 and a beta of 0.90. The stock’s 50 day moving average is C$163.21 and its two-hundred day moving average is C$152.25.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, November 4th. The company reported C$3.47 EPS for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The business had revenue of C$6.67 billion during the quarter. On average, sell-side analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insiders Place Their Bets

In other news, insider Philippe Sarfati sold 2,318 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total transaction of C$380,847.40. Over the last ninety days, insiders sold 3,750 shares of company stock worth $616,181. 0.09% of the stock is currently owned by company insiders.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.