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

iA Financial Co. Inc. (TSE:IAG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$168.67 and last traded at C$168.57, with a volume of 108891 shares. The stock had previously closed at C$166.09.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IAG. Royal Bank Of Canada increased their target price on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. Desjardins upped their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. National Bankshares raised their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. BMO Capital Markets lifted their target price on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Finally, CIBC upped their target price on shares of iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$165.43.

iA Financial Stock Down 3.3%

The firm’s fifty day moving average price is C$160.86 and its two-hundred day moving average price is C$150.31. The stock has a market capitalization of C$15.18 billion, a PE ratio of 14.16, a PEG ratio of 1.26 and a beta of 0.87.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, November 4th. The company reported C$3.91 earnings per share (EPS) for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$6.67 billion for the quarter. As a group, analysts predict that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Insider Buying and Selling at iA Financial

In related news, insider Pierre Miron sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the completion of the sale, the insider owned 4,900 shares in the company, valued at approximately C$737,930.20. This represents a 80.32% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders sold 23,750 shares of company stock valued at $3,628,141 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Company Profile

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.