iA Financial (TSE:IAG) Cut to Hold at Cormark

Cormark lowered shares of iA Financial (TSE:IAG) from a moderate buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports. Cormark also issued estimates for iA Financial’s Q2 2025 earnings at $3.09 EPS.

A number of other equities analysts also recently commented on IAG. CIBC decreased their target price on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. BMO Capital Markets upped their target price on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. Royal Bank Of Canada set a C$141.00 target price on iA Financial and gave the company a “sector perform” rating in a report on Tuesday, April 15th. Scotiabank decreased their price objective on iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. Finally, TD Securities increased their price objective on iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$141.00.

iA Financial Stock Down 0.2%

Shares of iA Financial stock opened at C$135.34 on Wednesday. The company has a market cap of C$12.70 billion, a PE ratio of 12.89, a P/E/G ratio of 1.26 and a beta of 1.13. The business has a 50 day moving average of C$143.07 and a 200 day moving average of C$135.58. iA Financial has a 52 week low of C$86.92 and a 52 week high of C$151.29.

Insider Buying and Selling

In other news, Senior Officer Renée Laflamme sold 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total value of C$1,363,264.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total value of C$2,104,389.00. In the last three months, insiders sold 44,000 shares of company stock valued at $6,151,244. Insiders own 0.09% of the company’s stock.

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.