iA Financial (TSE:IAG) Sets New 1-Year High - Here's Why

iA Financial Co. Inc. (TSE:IAG - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$149.49 and last traded at C$148.80, with a volume of 28428 shares changing hands. The stock had previously closed at C$147.38.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TD Securities lifted their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Scotiabank cut their target price on iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. CIBC reduced their target price on 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. Finally, Royal Bank Of Canada set a C$141.00 target price on iA Financial and gave the company a "sector perform" rating in a research report 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's stock. Based on data from MarketBeat.com, iA Financial has a consensus rating of "Moderate Buy" and a consensus price target of C$139.75.

iA Financial Stock Performance

The stock has a market capitalization of C$13.73 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business's 50-day moving average is C$140.44 and its two-hundred day moving average is C$133.95.

Insider Activity

In other news, Senior Officer Renée Laflamme sold 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. 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 a total of 44,000 shares of company stock worth $6,151,244 over the last quarter. Insiders own 0.09% of the company's stock.

About iA Financial

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.