Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its target price lifted by National Bank Financial from C$61.00 to C$64.00 in a research note issued to investors on Thursday. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q1 2018 earnings at $1.29 EPS and FY2018 earnings at $5.38 EPS.

Other equities research analysts have also issued research reports about the company. CSFB upped their target price on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. Royal Bank Of Canada upped their target price on Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$65.00 and gave the company a sector perform rating in a research report on Thursday. Finally, Scotiabank reiterated a sector perform rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$63.22.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at C$60.17 on Thursday. Industrial Alliance Insur. & Fin. Ser. has a 52-week low of C$48.74 and a 52-week high of C$61.73.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a yield of 2.53%. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is presently 26.48%.

In related news, insider Michel Tremblay purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of C$22.91 per share, with a total value of C$34,365.00. Also, insider Denis Ricard purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of C$32.08 per share, with a total value of C$96,240.00. Insiders acquired 10,200 shares of company stock valued at $356,147 over the last three months.

About Industrial Alliance Insur. & Fin. Ser.

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

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