Cormark, a prominent research firm, recently adjusted its rating for iA Financial (TSE:IAG), downgrading the Canadian insurer from a ‘moderate buy’ to a ‘hold’ recommendation. This significant shift in outlook, revealed in a research note this Wednesday, reflects a re-evaluation of the company’s near-term investment appeal and provides crucial context for “iA Financial” shareholders.
The downgrade was accompanied by specific earnings projections, with Cormark issuing estimates for iA Financial’s Q2 2025 earnings at $3.09 per share (EPS). This forward-looking assessment from an influential analyst plays a vital role in shaping market expectations and influences investor sentiment regarding the company’s financial trajectory and overall “Stock Market Analysis”.
Beyond Cormark’s assessment, several other equities analysts have also recently weighed in on IAG, indicating broad industry attention. For instance, CIBC revised its target price on iA Financial from C$149.00 to C$144.00, maintaining an “outperform” rating in a report released on Thursday, May 1st, offering a different perspective on the company’s “Investment Ratings”.
Conversely, BMO Capital Markets demonstrated a more optimistic stance, increasing their target price on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. Meanwhile, Royal Bank Of Canada set a C$141.00 target price, assigning a “sector perform” rating on Tuesday, April 15th, highlighting the diverse opinions within “Financial News” circles.
Scotiabank followed suit by decreasing its price objective from C$143.00 to C$140.00, also setting a “sector perform” rating on Thursday, May 1st. In contrast, TD Securities provided a bullish counterpoint, increasing their price objective from C$140.00 to C$147.00 and recommending a “buy” rating on Thursday, May 8th. This mosaic of “Canadian Equities” analyst opinions underscores the complex nature of market valuation.
Collectively, these varied analyst reports reveal a consensus rating of “Moderate Buy” for iA Financial, coupled with a consensus price target of C$141.00, according to MarketBeat.com data. Out of ten analysts, six currently rate the stock a “hold,” three a “buy,” and one a “strong buy,” reflecting a cautious yet generally positive outlook.
Adding another layer to the company’s recent activities, significant “Insider Trading” has also been reported. Senior Officer RenĂ©e Laflamme executed a sale of 10,000 shares on Monday, May 12th, at an average price of C$136.33, totaling C$1,363,264.00, drawing attention to executive confidence and liquidity management.
Further contributing to insider movements, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock on Monday, May 26th, at an average price of C$140.29, amounting to C$2,104,389.00. Over the past three months, these transactions, alongside others, reveal insiders have collectively divested 44,000 shares, valued at over $6.15 million, though insiders still retain a minor 0.09% ownership stake in the company.