iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$146.30 and last traded at C$146.30, with a volume of 1003 shares. The stock had previously closed at C$145.01.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on IAG. TD Securities raised their price objective on iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. CIBC decreased their price target on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Scotiabank cut their price objective on 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 target price on iA Financial and gave the stock a "sector perform" rating in a report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, iA Financial has a consensus rating of "Moderate Buy" and a consensus price target of C$139.75.
Get Our Latest Research Report on iA Financial
iA Financial Price Performance
The stock has a market cap of C$13.73 billion, a P/E ratio of 13.94, a PEG ratio of 1.26 and a beta of 1.13. The business's 50 day simple moving average is C$137.34 and its 200 day simple moving average is C$133.28.
Insiders Place Their Bets
In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total value of C$375,100.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Insiders sold 46,750 shares of company stock worth $6,526,344 over the last three months. 0.09% of the stock is currently owned by corporate insiders.
iA Financial Company Profile
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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.
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