iA Financial (OTCMKTS:IAFNF) Shares Down 1.4% – Here’s What Happened

Shares of iA Financial Co. Inc. (OTCMKTS:IAFNF) fell 1.4% during trading on Thursday . The company traded as low as $109.87 and last traded at $109.87. 213 shares were traded during mid-day trading, a decline of 97% from the average session volume of 6,772 shares. The stock had previously closed at $111.44.

Wall Street Analysts Forecast Growth

IAFNF has been the subject of a number of research analyst reports. Scotiabank downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut iA Financial from an “outperform” rating to a “neutral” rating in a report on Thursday, January 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

iA Financial Stock Performance

The stock has a 50 day moving average price of $123.14 and a 200-day moving average price of $118.34.

iA Financial Company Profile

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.