iA Financial (TSE:IAG) Hits New 12-Month High – What’s Next?

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IAG. National Bank Financial dropped 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 report on Wednesday, May 6th. BMO Capital Markets lowered their target price on iA Financial from C$185.00 to C$175.00 in a research note on Thursday, February 19th. Scotia cut their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Desjardins increased their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Finally, TD downgraded shares of iA Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and a consensus price target of C$177.78.

iA Financial Price Performance

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 business’s fifty day moving average is C$170.90 and its 200 day moving average is C$167.46. The company has a market cap of C$16.35 billion, a P/E ratio of 16.96, a PEG ratio of 1.26 and a beta of 0.97.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The business 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%. As a group, sell-side analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insider Buying and Selling 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 sale, the insider directly owned 4,900 shares of the company’s stock, valued at C$857,010. This represents a 75.38% decrease in their ownership of the stock. Also, insider Renée Laflamme sold 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total transaction of C$1,740,400.00. Following the transaction, the insider owned 11,645 shares of the company’s stock, valued at C$2,026,695.80. This represents a 46.20% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

About iA Financial

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