iA Financial (OTCMKTS:IAFNF) Trading Up 1.3% – Should You Buy?

iA Financial Co. Inc. (OTCMKTS:IAFNF)’s share price was up 1.3% during mid-day trading on Friday . The stock traded as high as $125.92 and last traded at $125.92. Approximately 16,391 shares were traded during mid-day trading, an increase of 169% from the average daily volume of 6,092 shares. The stock had previously closed at $124.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IAFNF shares. Canadian Imperial Bank of Commerce lowered shares of iA Financial from an “outperform” rating to a “neutral” rating in a report on Thursday, January 8th. Scotiabank lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

iA Financial Trading Up 1.3%

The firm’s 50 day simple moving average is $114.75 and its two-hundred day simple moving average is $119.14.

About iA Financial

iA Financial Group (OTCMKTS: IAFNF) is a Canadian-based insurance and wealth management company offering a broad spectrum of financial products and services. The company’s core operations encompass life and health insurance, creditor insurance, auto and home insurance, as well as group insurance solutions for businesses and associations. Founded in 1892 and headquartered in Quebec City, iA Financial has grown to become one of Canada’s largest insurers and wealth managers, serving individual and corporate clients through a comprehensive network of agents, brokers, and financial advisors.

In its wealth management division, iA Financial Group provides retirement savings plans, mutual funds, segregated funds, and managed accounts.