iA Financial (OTCMKTS:IAFNF) Shares Down 1.4% – What’s Next?

iA Financial Co. Inc. (OTCMKTS:IAFNF)’s share price was down 1.4% during mid-day trading on Thursday . The stock traded as low as $109.87 and last traded at $109.87. Approximately 213 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 6,772 shares. The stock had previously closed at $111.44.

Analyst Upgrades and Downgrades

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

iA Financial Trading Down 1.4%

The stock’s 50-day simple moving average is $123.14 and its 200-day simple moving average is $118.34.

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.