iA Financial (TSE:IAG) Sets New 1-Year High - Still a Buy?

iA Financial Co. Inc. (TSE:IAG - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$144.91 and last traded at C$143.46, with a volume of 20624 shares trading hands. The stock had previously closed at C$141.84.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Desjardins upped their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. CIBC decreased their price target on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Scotiabank decreased their price target on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Finally, Royal Bank of Canada set a C$141.00 price target on shares of iA Financial and gave the company a "sector perform" rating in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, iA Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.75.

iA Financial Stock Down 0.2%

The stock has a market capitalization of C$13.19 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.26 and a beta of 1.13. The business's 50 day simple moving average is C$133.29 and its 200-day simple moving average is C$132.27.

Insiders Place Their Bets

In other news, Senior Officer Éric Jobin sold 1,500 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$142.89, for a total value of C$214,341.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. Insiders have sold 51,250 shares of company stock worth $7,141,495 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.