Industrial Alliance Insur. & Fin. Ser. (IAG) Given New C$66.00 Price Target at BMO Capital Markets

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target reduced by BMO Capital Markets to C$66.00 in a research report sent to investors on Thursday. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on IAG. Royal Bank Of Canada lifted their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$65.00 and gave the stock a sector perform rating in a report on Thursday. CSFB lifted their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a report on Wednesday, November 1st. National Bank Financial lifted their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the stock an outperform rating in a report on Thursday. Finally, Scotiabank reiterated a sector perform rating on shares of Industrial Alliance Insur. & Fin. Ser. in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Industrial Alliance Insur. & Fin. Ser. has an average rating of Hold and a consensus target price of C$63.22.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at C$60.17 on Thursday. Industrial Alliance Insur. & Fin. Ser. has a 52-week low of C$48.74 and a 52-week high of C$61.73.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is 26.48%.

In related news, insider Denis Ricard bought 3,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was purchased at an average cost of C$32.08 per share, for a total transaction of C$96,240.00. Also, insider Renée Laflamme sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$53.04, for a total transaction of C$265,200.00. Over the last quarter, insiders have bought 10,200 shares of company stock valued at $356,147.

About Industrial Alliance Insur. & Fin. Ser.

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