iA Financial (TSE:IAG) Reaches New 52-Week High Following Analyst Upgrade

iA Financial Co. Inc. (TSE:IAG)’s stock price reached a new 52-week high on Thursday after BMO Capital Markets raised their price target on the stock from C$170.00 to C$175.00. The company traded as high as C$175.21 and last traded at C$162.85, with a volume of 491912 shares. The stock had previously closed at C$167.55.

IAG has been the subject of several other reports. CIBC increased their price target on shares of iA Financial from C$150.00 to C$173.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Scotiabank raised shares of iA Financial to a “strong-buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on shares of iA Financial from C$151.00 to C$167.00 in a research note on Thursday. Desjardins lifted 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 report on Wednesday, October 15th. Finally, Cormark lowered iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$165.43.

Insider Buying and Selling at iA Financial

In other news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of C$149.00, for a total value of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of iA Financial stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total value of C$3,011,960.00. Following the sale, the insider directly owned 4,900 shares of the company’s stock, valued at C$737,930.20. This trade represents a 80.32% decrease in their position. Insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.5%

The company has a market capitalization of C$14.87 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.26 and a beta of 0.87. The firm has a 50-day simple moving average of C$157.75 and a two-hundred day simple moving average of C$147.35.

About iA Financial

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.