Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target hoisted by Royal Bank Of Canada from C$57.00 to C$58.00 in a research note published on Friday. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Scotiabank raised shares of Industrial Alliance Insur. & Fin. Ser. from an underperform rating to a sector perform rating in a research note on Thursday, May 11th. ValuEngine cut shares of Industrial Alliance Insur. & Fin. Ser. from a strong-buy rating to a buy rating in a research note on Thursday, May 11th. Finally, TD Securities cut their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$61.00 and set a hold rating for the company in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$59.11.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE IAG) opened at 56.17 on Friday. The company has a market capitalization of $5.97 billion and a P/E ratio of 10.70. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of $39.26 and a 12-month high of $59.41. The stock’s 50 day moving average is $55.78 and its 200-day moving average is $55.57.

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In other Industrial Alliance Insur. & Fin. Ser. news, insider Denis Ricard acquired 2,000 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of C$50.00 per share, for a total transaction of C$100,000.00. Also, Director Carl Andrew Mustos acquired 1,700 shares of the stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of C$50.52 per share, with a total value of C$85,884.00. In the last quarter, insiders have acquired 5,700 shares of company stock valued at $290,884 and have sold 114,000 shares valued at $6,184,280.

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. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.

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

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