iA Financial (TSE:IAG) Reaches New 1-Year High - Here's What Happened

Key Points

• iA Financial reached a new 52-week high, trading at C$153.52, with a notable trading volume of 81,701 shares on Tuesday.
• Multiple analysts have raised their target prices for iA Financial, with BMO Capital Markets setting the highest at C$160.00, indicating strong market interest.
• Insider St�Phanie Butt Thibodeau sold 3,000 shares at C$149.00, highlighting insider transactions as a key aspect of recent company activity.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$153.52 and last traded at C$152.93, with a volume of 81701 shares traded. The stock had previously closed at C$151.49.

Analyst Ratings Changes

IAG has been the topic of several recent analyst reports. Desjardins raised their price objective on shares of iA Financial from C$147.00 to C$149.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research report on Friday, July 11th. Scotiabank upgraded shares of iA Financial to a "strong-buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on shares of iA Financial from C$142.00 to C$151.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Cormark cut shares of iA Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$145.88.

iA Financial Stock Performance

The company's fifty day moving average price is C$145.90 and its 200-day moving average price is C$139.05. The stock has a market cap of C$14.41 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.26 and a beta of 0.85.

Insiders Place Their Bets

In related news, insider St�Phanie Butt Thibodeau sold 3,000 shares of iA Financial stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. 0.09% of the stock is owned by insiders.

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.