iA Financial (TSE:IAG) Sets New 1-Year High – What’s Next?

iA Financial Co. Inc. (TSE:IAG)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$180.13 and last traded at C$178.80, with a volume of 97383 shares trading hands. The stock had previously closed at C$178.62.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. National Bankshares increased their price objective on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Desjardins upped their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. BMO Capital Markets increased their price target on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. TD Securities boosted their price objective on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, CIBC upped their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$165.43.

iA Financial Stock Performance

The company has a market capitalization of C$16.48 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. The stock’s fifty day simple moving average is C$166.28 and its 200-day simple moving average is C$154.57.

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

Insiders Place Their Bets

In other news, Director Denis Ricard sold 3,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the sale, the director owned 50,000 shares in the company, valued at C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of iA Financial stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. In the last three months, insiders have sold 6,750 shares of company stock worth $1,141,931. Corporate insiders own 0.09% of the company’s stock.

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.