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

iA Financial Co. Inc. (TSE:IAG) reached a new 52-week high on Tuesday . The company traded as high as C$213.16 and last traded at C$205.32, with a volume of 375574 shares trading hands. The stock had previously closed at C$208.22.

Analyst Ratings Changes

Several research firms recently issued reports on IAG. Scotia dropped their price target on shares of 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. Desjardins upped their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. National Bank Financial decreased their price target on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. TD Securities cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce increased their price objective on iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and a consensus price target of C$183.17.

iA Financial Stock Performance

The stock has a market cap of C$18.33 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The firm has a fifty day simple moving average of C$185.94 and a 200-day simple moving average of C$172.14.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

Insider Activity at iA Financial

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. This represents a 75.38% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total transaction of C$245,960.00. Insiders have sold a total of 39,500 shares of company stock worth $7,156,765 over the last 90 days. Insiders own 0.09% of the company’s stock.

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