iA Financial (TSE:IAG) Reaches New 12-Month High - What's Next?

iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$143.98 and last traded at C$143.75, with a volume of 230193 shares. The stock had previously closed at C$142.26.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IAG shares. BMO Capital Markets lifted their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Scotiabank dropped their price target 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. TD Securities raised their price target on iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Desjardins upped their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada set a C$141.00 price objective on shares of iA Financial and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. Five research 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. Based on data from MarketBeat, iA Financial has an average rating of "Moderate Buy" and an average price target of C$139.75.

iA Financial Stock Up 1.0%

The stock has a fifty day moving average price of C$134.96 and a two-hundred day moving average price of C$132.88. The company has a market cap of C$13.49 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling at iA Financial

In related news, Senior Officer Éric Jobin sold 1,500 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was 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 business's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$140.29, for a total value of C$2,104,389.00. Insiders sold 49,500 shares of company stock valued at $6,903,067 in the last quarter. Company 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.

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