Free Trial

iA Financial (TSE:IAG) Downgraded by Cormark to "Hold"

iA Financial logo with Financial Services background

Key Points

  • iA Financial has been downgraded from a "moderate buy" to a "hold" rating by analysts at Cormark, reflecting a cautious outlook for the stock.
  • Multiple analysts have adjusted their price targets for iA Financial, with Scotiabank lowering it from C$143.00 to C$140.00, while BMO Capital Markets raised it from C$148.00 to C$160.00.
  • Insider activity shows significant share sales, with over 44,000 shares sold recently by corporate insiders, indicating a lack of confidence in the stock's short-term performance.
  • Looking to Export and Analyze iA Financial Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Cormark lowered shares of iA Financial (TSE:IAG - Free Report) from a moderate buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports. Cormark also issued estimates for iA Financial's Q2 2025 earnings at $3.09 EPS.

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

View Our Latest Analysis on IAG

iA Financial Stock Performance

Shares of iA Financial stock traded up C$3.23 during trading hours on Wednesday, hitting C$138.57. The company's stock had a trading volume of 120,007 shares, compared to its average volume of 248,285. The company has a market cap of C$13.00 billion, a PE ratio of 13.20, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 12-month low of C$86.92 and a 12-month high of C$151.29. The business has a 50 day moving average price of C$142.97 and a two-hundred day moving average price of C$135.69.

Insiders Place Their Bets

In other iA Financial news, Director Denis Ricard sold 8,000 shares of iA Financial stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$143.00, for a total value of C$1,144,000.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction that occurred 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. Insiders sold a total of 44,000 shares of company stock valued at $6,151,244 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

About iA Financial

(Get Free Report)

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.

Read More

Analyst Recommendations for iA Financial (TSE:IAG)

Should You Invest $1,000 in iA Financial Right Now?

Before you consider iA Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iA Financial wasn't on the list.

While iA Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines