Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Denis Ricard acquired 2,000 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average cost of C$43.50 per share, for a total transaction of C$87,000.00.

Denis Ricard also recently made the following trade(s):

  • On Monday, December 10th, Denis Ricard acquired 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The stock was purchased at an average cost of C$44.70 per share, for a total transaction of C$89,400.00.
  • On Thursday, December 6th, Denis Ricard bought 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were bought at an average cost of C$46.50 per share, for a total transaction of C$93,000.00.
  • On Tuesday, December 4th, Denis Ricard bought 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were bought at an average cost of C$47.20 per share, for a total transaction of C$94,400.00.
  • On Thursday, November 15th, Denis Ricard bought 4,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were bought at an average cost of C$48.40 per share, for a total transaction of C$193,600.00.

Shares of Industrial Alliance Insur. & Fin. Ser. stock opened at C$44.15 on Friday. The company has a debt-to-equity ratio of 39.21, a current ratio of 0.54 and a quick ratio of 0.31. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$43.44 and a 12-month high of C$62.01.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last announced its earnings results on Wednesday, November 7th. The company reported C$1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.40 by C$0.10. The company had revenue of C$1.98 billion for the quarter. As a group, equities research analysts expect that Industrial Alliance Insur. & Fin. Ser. will post 4.4399998632299 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 17th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, November 20th. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is 30.33%.

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada raised Industrial Alliance Insur. & Fin. Ser. from a “sector perform” rating to an “outperform” rating and set a C$66.00 target price on the stock in a research report on Friday, November 9th. National Bank Financial cut their target price on Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$58.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 8th. CIBC set a C$61.00 target price on Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 29th. Finally, Desjardins reaffirmed a “buy” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$61.63.

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About Industrial Alliance Insur. & Fin. Ser.

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. The company operates through four segments: Individual Insurance, Individual Wealth Management, Group Insurance, and Group Savings and Retirement.

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