iA Financial (TSE:IAG) Reaches New 1-Year High Following Analyst Upgrade

iA Financial Co. Inc. (TSE:IAG) reached a new 52-week high during trading on Thursday after TD Securities raised their price target on the stock from C$178.00 to C$192.00. The stock traded as high as C$181.99 and last traded at C$181.90, with a volume of 182328 shares trading hands. The stock had previously closed at C$177.61.

IAG has been the subject of several other reports. Cibc Captl Mkts lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets lifted their price target on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$151.00 to C$167.00 in a research report on Thursday, November 6th. National Bankshares raised their target price on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Finally, Desjardins lifted their target price on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, iA Financial has a consensus rating of “Moderate Buy” and an average target price of C$169.00.

Insider Activity at iA Financial

In related news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction that occurred 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 of the company’s stock, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders have sold a total of 6,750 shares of company stock worth $1,141,931 in the last three months. 0.09% of the stock is owned by corporate insiders.

iA Financial Stock Performance

The company has a market capitalization of C$16.76 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.26 and a beta of 1.03. The business’s fifty day simple moving average is C$171.61 and its 200-day simple moving average is C$158.44.

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

iA Financial Company Profile

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.