iA Financial (TSE:IAG) Sets New 52-Week High – Should You Buy?

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. CIBC reduced their price objective on 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. TD Securities increased their price target on 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. Royal Bank Of Canada set a C$141.00 price target on iA Financial and gave the stock a “sector perform” rating in a research note on Tuesday, April 15th. Finally, Scotiabank cut their price target on iA Financial from C$143.00 to C$140.00 and set a “sector perform” 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.75.

iA Financial Stock Up 1.1%

The company’s 50 day moving average price is C$138.07 and its two-hundred day moving average price is C$133.42. The stock has a market cap of C$13.66 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In related news, Senior Officer Éric Jobin sold 1,500 shares of iA Financial stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$142.89, for a total transaction of C$214,341.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction that occurred on 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. Over the last quarter, insiders sold 44,000 shares of company stock valued at $6,151,244. Corporate insiders own 0.09% of the company’s stock.

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.