iA Financial Co. Inc. (OTCMKTS:IAFNF – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 135,466 shares, a decline of 51.4% from the May 31st total of 278,588 shares. Based on an average daily volume of 1,134 shares, the short-interest ratio is presently 119.5 days.
iA Financial Stock Performance
iA Financial stock remained flat at $136.43 during midday trading on Thursday. The company’s stock had a trading volume of 16,675 shares, compared to its average volume of 6,814. iA Financial has a 12 month low of $97.84 and a 12 month high of $137.64. The company’s fifty day simple moving average is $126.42 and its 200 day simple moving average is $122.59.
Analysts Set New Price Targets
Several brokerages have issued reports on IAFNF. TD Securities downgraded shares of iA Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Scotiabank reaffirmed a “sector perform” rating on shares of iA Financial in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
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.
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