Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Stock analysts at Desjardins issued their FY2019 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a report issued on Tuesday. Desjardins analyst D. Young anticipates that the company will post earnings per share of $5.61 for the year.
A number of other brokerages also recently commented on IAG. Scotiabank reaffirmed a “sector perform” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a report on Thursday, August 3rd. Royal Bank Of Canada increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$59.11.
In related news, insider Michel Tremblay sold 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$56.33, for a total value of C$563,300.00. Also, insider Renée Laflamme sold 5,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$53.04, for a total transaction of C$265,200.00. Insiders purchased a total of 10,200 shares of company stock worth $356,147 over the last three months.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.35 dividend. This is a positive change from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.23. This represents a $1.40 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, August 23rd.
Industrial Alliance Insur. & Fin. Ser. Company Profile
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