Industrial Alliance Insur. & Fin. Ser. (IAG) to Post Q4 2017 Earnings of $1.30 Per Share, Cormark Forecasts

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Research analysts at Cormark lifted their Q4 2017 earnings per share estimates for Industrial Alliance Insur. & Fin. Ser. in a research note issued on Monday. Cormark analyst M. Grauman now anticipates that the company will post earnings per share of $1.30 for the quarter, up from their previous estimate of $1.28.

Several other equities research analysts have also weighed in on the stock. Scotiabank increased 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, November 9th. National Bank Financial increased 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, November 9th. Royal Bank of Canada increased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Thursday, November 9th. CSFB increased 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. Finally, TD Securities increased 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, November 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$64.71.

Shares of Industrial Alliance Insur. & Fin. Ser. (IAG) opened at C$58.89 on Wednesday. The firm has a market cap of $6,310.00, a price-to-earnings ratio of 11.64 and a beta of 0.90. Industrial Alliance Insur. & Fin. Ser. has a twelve month low of C$48.74 and a twelve month high of C$62.01.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last posted its earnings results on Wednesday, November 8th. The company reported C$1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.29 by C$0.06. Industrial Alliance Insur. & Fin. Ser. had a net margin of 9.18% and a return on equity of 12.65%.

In other news, insider Michel Tremblay sold 10,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$59.60, for a total transaction of C$596,000.00. Also, insider Clément Gignac sold 2,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$59.57, for a total transaction of C$148,925.00. Insiders have sold 37,500 shares of company stock valued at $2,251,425 in the last three months.

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Industrial Alliance Insur. & Fin. Ser. Company Profile

Industrial Alliance Insurance and Financial Services Inc is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company’s segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, which includes retirement funds and segregated funds, and Other, which includes auto and home insurance products, asset management and financing.

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