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

Shares of iA Financial Co. Inc. (TSE:IAG) reached a new 52-week high on Tuesday . The company traded as high as C$146.30 and last traded at C$146.30, with a volume of 1003 shares trading hands. The stock had previously closed at C$145.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada set a C$141.00 target price on shares of iA Financial and gave the company a “sector perform” rating in a research note on Tuesday, April 15th. TD Securities lifted their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Scotiabank lowered their price objective on shares of 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, CIBC cut their target price on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$139.75.

iA Financial Stock Up 0.9%

The company has a market cap of C$13.73 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average price of C$137.34 and a two-hundred day moving average price of C$133.28.

Insider Transactions at iA Financial

In related news, Senior Officer Pierre Miron sold 15,000 shares of the business’s stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$140.29, for a total value of C$2,104,389.00. 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. Over the last 90 days, insiders sold 46,750 shares of company stock valued at $6,526,344. 0.09% of the stock is currently owned by corporate insiders.

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.