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

Key Points

• iA Financial hit a 52-week high of C$222.05, and was last trading at C$221.52, up 2.2% from its previous close.
• Analysts remain cautious: the consensus rating is Hold (eight Holds and one Buy), with an average price target of C$213.50—below the latest share price.
• The company reported quarterly EPS of C$3.68 on C$3.05 billion in revenue. Insider Renée Laflamme also sold 12,500 shares for about C$2.65 million.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$222.05 and last traded at C$221.52, with a volume of 168,764 shares. The stock had previously closed at C$216.87.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotia boosted their price target on iA Financial from C$198.52 to C$223.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. National Bank Financial dropped their target price on shares of iA Financial from C$216.00 to C$215.00 and set a "sector perform" rating on the stock in a report on Monday, October 19th. TD boosted their target price on shares of iA Financial from C$214.00 to C$218.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Scotiabank increased their price target on iA Financial from C$168.00 to C$198.52 and gave the company a "sector perform" rating in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce raised their price target on iA Financial from C$208.00 to C$220.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$213.50.

iA Financial Stock Up 2.2%

The company has a 50 day simple moving average of C$207.81 and a two-hundred day simple moving average of C$184.72. The company has a market capitalization of C$19.78 billion, a P/E ratio of 19.07, a PEG ratio of 1.26 and a beta of 0.81.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) for the quarter. The business had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. As a group, research analysts expect that iA Financial Co. Inc. will post 11.62 EPS for the current fiscal year.

Insider Buying and Selling

In other iA Financial news, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the transaction, the insider directly owned 11,645 shares of the company's stock, valued at C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. 0.09% of the stock is owned by insiders.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc

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