Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Clément Gignac sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of C$51.99, for a total value of C$129,975.00.

Industrial Alliance Insur. & Fin. Ser. stock traded down C$0.04 during trading on Thursday, hitting C$52.03. The stock had a trading volume of 144,142 shares, compared to its average volume of 201,329. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$48.67 and a 1 year high of C$62.01.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last posted its quarterly earnings data on Thursday, August 2nd. The company reported C$1.38 EPS for the quarter, beating the consensus estimate of C$1.36 by C$0.02. Industrial Alliance Insur. & Fin. Ser. had a return on equity of 11.25% and a net margin of 3.75%. The business had revenue of C$2.77 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Monday, September 17th were paid a $0.415 dividend. This is an increase from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 23rd. This represents a $1.66 annualized dividend and a yield of 3.19%.

A number of equities analysts have recently weighed in on IAG shares. Canaccord Genuity set a C$60.00 target price on Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a research note on Tuesday, July 24th. BMO Capital Markets upgraded Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$60.00 to C$65.00 in a research note on Friday, August 3rd. Finally, National Bank Financial dropped their price objective on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$62.67.

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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Insider Buying and Selling by Quarter for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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