iA Financial (TSE:IAG) Hits New 1-Year High – Here’s What Happened

iA Financial Co. Inc. (TSE:IAG)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as C$225.14 and last traded at C$220.43, with a volume of 50,189 shares traded. The stock had previously closed at C$213.61.

Analyst Ratings Changes

Several analysts have recently weighed in on IAG shares. Desjardins lifted their target price on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Scotiabank increased their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. TD lifted their price objective on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Scotia lifted their price objective on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Finally, National Bank Financial dropped their target price on iA Financial from C$216.00 to C$215.00 and set a “sector perform” rating on the stock in a research report on Monday, October 19th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$213.50.

iA Financial Stock Up 1.8%

The stock’s fifty day simple moving average is C$209.06 and its 200-day simple moving average is C$185.52. The company has a market capitalization of C$19.22 billion, a PE ratio of 18.71, a PEG ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Monday, November 9th. The company reported C$4.03 EPS for the quarter. The business had revenue of C$3.06 billion for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. Analysts expect that iA Financial Co. Inc. will post 11.62 EPS for the current year.

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.