Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Research analysts at Cormark reduced their Q3 2017 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a report issued on Friday. Cormark analyst M. Grauman now forecasts that the company will earn $1.26 per share for the quarter, down from their prior estimate of $1.27. Cormark also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2017 earnings at $1.32 EPS and Q1 2018 earnings at $1.20 EPS.

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Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada lifted 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 report on Friday, August 4th. Scotiabank reiterated a “sector perform” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a report on Thursday, August 3rd. TD Securities upgraded Industrial Alliance Insur. & Fin. Ser. from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine lowered Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$59.11.

Industrial Alliance Insur. & Fin. Ser. (IAG) opened at 56.56 on Monday. Industrial Alliance Insur. & Fin. Ser. has a 1-year low of $39.26 and a 1-year high of $59.41. The firm has a market cap of $6.02 billion and a P/E ratio of 10.78. The stock’s 50 day moving average is $56.12 and its 200-day moving average is $55.59.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.48%. This is a positive change from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, August 23rd.

About Industrial Alliance Insur. & Fin. Ser.

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

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