Industrial Alliance Insur. & Fin. Ser. Forecasted to Post FY2018 Earnings of $5.35 Per Share (IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities research analysts at Desjardins raised their FY2018 earnings per share (EPS) estimates for Industrial Alliance Insur. & Fin. Ser. in a report issued on Thursday. Desjardins analyst D. Young now forecasts that the company will earn $5.35 per share for the year, up from their previous forecast of $5.30. Desjardins also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s FY2019 earnings at $5.75 EPS.

Several other research firms have also weighed in on IAG. Scotiabank raised their target price on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a report on Thursday, November 9th. Royal Bank of Canada raised 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 report on Thursday, November 9th. BMO Capital Markets cut their target price on Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. National Bank Financial raised their target price on Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, TD Securities raised their target price on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$68.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Industrial Alliance Insur. & Fin. Ser. currently has a consensus rating of “Hold” and an average price target of C$64.86.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) traded down C$0.01 during midday trading on Monday, reaching C$57.06. The company’s stock had a trading volume of 109,612 shares, compared to its average volume of 163,264. Industrial Alliance Insur. & Fin. Ser. has a one year low of C$48.74 and a one year high of C$62.01. The company has a market capitalization of $6,090.00, a price-to-earnings ratio of 11.87 and a beta of 0.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.66%. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is presently 29.73%.

In other news, insider Michel Tremblay sold 10,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$60.20, for a total value of C$602,000.00. Insiders sold 25,000 shares of company stock worth $1,506,500 over the last quarter.

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About Industrial Alliance Insur. & Fin. Ser.

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.

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

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