iA Financial (TSE:IAG) Reaches New 12-Month High – Should You Buy?

iA Financial Co. Inc. (TSE:IAG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$182.09 and last traded at C$182.15, with a volume of 64218 shares traded. The stock had previously closed at C$178.83.

Wall Street Analyst Weigh In

IAG has been the subject of several recent analyst reports. Scotia lowered their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. TD lowered iA Financial from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. BMO Capital Markets decreased their price objective on shares of iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. TD Securities lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, National Bank Financial decreased their price objective 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. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$177.78.

iA Financial Trading Up 1.9%

The stock has a 50-day simple moving average of C$172.60 and a two-hundred day simple moving average of C$167.87. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The firm has a market cap of C$16.89 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The business had revenue of C$2.74 billion during the quarter. As a group, sell-side analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insiders Place Their Bets

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. The trade was a 75.38% decrease in their position. Also, insider Renée Laflamme sold 10,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the sale, the insider owned 11,645 shares of the company’s stock, valued at approximately C$2,026,695.80. This represents a 46.20% decrease in their ownership of the stock. 0.09% of the stock is currently owned by insiders.

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