Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Stock analysts at Desjardins lifted their FY2017 earnings per share estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research report issued to clients and investors on Wednesday. Desjardins analyst D. Young now expects that the company will post earnings of $4.91 per share for the year, up from their previous estimate of $4.86. Desjardins also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s FY2018 earnings at $5.30 EPS and FY2019 earnings at $5.65 EPS.

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Other equities research analysts have also recently issued research reports about the stock. CSFB raised their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a report on Wednesday, November 1st. TD Securities raised their target price 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 report on Thursday. BMO Capital Markets dropped their target price on shares of Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an “outperform” rating on the stock in a report on Thursday. National Bank Financial raised their target price 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 raised their target price 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 report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$63.22.

Shares of Industrial Alliance Insur. & Fin. Ser. (IAG) opened at C$60.17 on Friday. Industrial Alliance Insur. & Fin. Ser. has a fifty-two week low of C$48.74 and a fifty-two week high of C$61.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid 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 is Wednesday, November 22nd. This is a boost from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.35. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio (DPR) is currently 26.48%.

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

About Industrial Alliance Insur. & Fin. Ser.

Earnings History and Estimates for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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