iA Financial (TSE:IAG) Reaches New 1-Year High on Analyst Upgrade

Shares of iA Financial Co. Inc. (TSE:IAG) reached a new 52-week high during mid-day trading on Tuesday after TD raised their price target on the stock from C$190.00 to C$214.00. TD currently has a hold rating on the stock. iA Financial traded as high as C$213.16 and last traded at C$205.32, with a volume of 375574 shares. The stock had previously closed at C$208.22.

Several other research firms have also issued reports on IAG. Scotia dropped their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research 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 reduced their price target 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. Scotiabank increased their price target on iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Finally, Desjardins increased their price objective on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$185.84.

Insider Buying and Selling

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the sale, the insider directly owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total value of C$245,960.00. In the last 90 days, insiders sold 39,500 shares of company stock valued at $7,156,765. Company insiders own 0.09% of the company’s stock.

iA Financial Stock Performance

The stock has a market capitalization of C$18.37 billion, a PE ratio of 19.05, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. The firm has a 50 day moving average of C$187.48 and a 200-day moving average of C$172.53.

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 return on equity of 12.80% and a net margin of 9.87%. Research analysts forecast that iA Financial Co. Inc. will post 11.6187564 earnings per share for the current year.

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