iA Financial (TSE:IAG) Hits New 12-Month High – Still a Buy?

iA Financial Co. Inc. (TSE:IAG)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$195.97 and last traded at C$193.45, with a volume of 146458 shares trading hands. The stock had previously closed at C$191.12.

Analyst Ratings Changes

Several equities analysts have issued reports on IAG shares. Scotia cut their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. National Bank Financial lowered their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. TD cut iA Financial from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$193.00 to C$190.00 in a research report on Wednesday, May 6th. Finally, Desjardins boosted their target price on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial currently has a consensus rating of “Hold” and a consensus price target of C$177.78.

iA Financial Stock Up 1.3%

The stock has a market capitalization of C$17.41 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The company’s 50-day moving average is C$175.89 and its 200 day moving average is C$169.09.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The company had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. As a group, analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insider Activity

In related news, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00. Also, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the transaction, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. This trade represents a 75.38% decrease in their position. Insiders have sold 26,300 shares of company stock valued at $4,609,860 over the last ninety days. 0.09% of the stock is currently owned by insiders.

iA Financial Company Profile

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