iA Financial (OTCMKTS:IAFNF) Stock Price Down 0.7% – Here’s What Happened

Shares of iA Financial Co. Inc. (OTCMKTS:IAFNF) dropped 0.7% on Friday . The company traded as low as $109.77 and last traded at $110.12. Approximately 1,265 shares were traded during trading, a decline of 77% from the average daily volume of 5,486 shares. The stock had previously closed at $110.89.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IAFNF shares. 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 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, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

iA Financial Price Performance

The stock’s 50 day moving average is $116.61 and its two-hundred day moving average is $118.49.

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.