Industrial Alliance Insur. & Fin. Ser. (IAG) Earns “Sector Perform” Rating from National Bank Financial

National Bank Financial restated their sector perform rating on shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) in a research note released on Thursday. The brokerage currently has a C$66.00 price target on the stock.

A number of other equities analysts also recently issued reports on IAG. Royal Bank of Canada increased 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 research note on Thursday, November 9th. BMO Capital Markets decreased their price target on shares of Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an outperform rating for the company in a research note on Thursday, November 9th. Scotiabank increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$67.00 and gave the stock a sector perform rating in a research note on Thursday, November 9th. TD Securities increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$68.00 and gave the stock a buy rating in a research note on Thursday, November 9th. Finally, CIBC raised shares of Industrial Alliance Insur. & Fin. Ser. from a neutral rating to an outperform rating and increased their price target for the stock from C$64.00 to C$66.00 in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$64.29.

Industrial Alliance Insur. & Fin. Ser. (IAG) opened at C$54.67 on Thursday. Industrial Alliance Insur. & Fin. Ser. has a one year low of C$48.74 and a one year high of C$62.01. The stock has a market cap of $5,840.00, a PE ratio of 11.37 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, March 1st. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio (DPR) is presently 29.73%.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Denis Ricard acquired 2,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of C$54.00 per share, for a total transaction of C$108,000.00.

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Industrial Alliance Insur. & Fin. Ser. Company Profile

Industrial Alliance Insurance and Financial Services Inc is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company’s segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, which includes retirement funds and segregated funds, and Other, which includes auto and home insurance products, asset management and financing.

Analyst Recommendations for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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