Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target lowered by BMO Capital Markets to C$66.00 in a research note released on Thursday. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on IAG. Scotiabank reaffirmed a sector perform rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Thursday, August 3rd. Royal Bank Of Canada increased their price target on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$58.00 and gave the company a sector perform rating in a research report on Friday, August 4th. CSFB increased their price target on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. Finally, National Bank Financial increased their price target on Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the company an outperform rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of C$63.22.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE IAG) opened at C$60.17 on Thursday. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$48.74 and a 12-month high of C$61.73.

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

In other Industrial Alliance Insur. & Fin. Ser. news, Director Yvon Charest bought 1,200 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of C$52.46 per share, with a total value of C$62,952.00. Also, insider Michel Tremblay bought 1,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of C$22.91 per share, for a total transaction of C$34,365.00. Insiders have bought a total of 10,200 shares of company stock worth $356,147 in the last three months.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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

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