Denis Ricard Purchases 2,000 Shares of Industrial Alliance Insur. & Fin. Ser. (IAG) Stock

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Denis Ricard bought 2,000 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was bought at an average cost of C$51.60 per share, for a total transaction of C$103,200.00.

Denis Ricard also recently made the following trade(s):

  • On Thursday, May 17th, Denis Ricard bought 4,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The stock was bought at an average cost of C$53.15 per share, for a total transaction of C$212,600.00.

Shares of Industrial Alliance Insur. & Fin. Ser. traded down C$0.59, hitting C$48.87, during trading on Tuesday, MarketBeat Ratings reports. 33,859 shares of the company’s stock traded hands, compared to its average volume of 211,085. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$48.67 and a 1 year high of C$62.01.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last released its quarterly earnings data on Thursday, May 10th. The company reported C$1.32 EPS for the quarter, beating the consensus estimate of C$1.21 by C$0.11. Industrial Alliance Insur. & Fin. Ser. had a return on equity of 11.25% and a net margin of 3.75%. The company had revenue of C$2.57 billion for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 25th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, May 24th. This represents a $1.52 annualized dividend and a dividend yield of 3.11%.

IAG has been the topic of a number of recent research reports. CIBC set a C$65.00 target price on Industrial Alliance Insur. & Fin. Ser. in a research note on Thursday, March 8th. BMO Capital Markets set a C$60.00 price objective on Industrial Alliance Insur. & Fin. Ser. in a research report on Thursday, March 8th. Desjardins set a C$60.00 price objective on Industrial Alliance Insur. & Fin. Ser. in a research report on Thursday, April 12th. TD Securities dropped their price objective on Industrial Alliance Insur. & Fin. Ser. from C$67.00 to C$66.00 and set a “buy” rating on the stock in a research report on Friday, May 11th. Finally, Scotiabank dropped their price objective on Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Friday, May 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$62.88.

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. The company operates through four segments: Individual Insurance, Individual Wealth Management, Group Insurance, and Group Savings and Retirement.

Insider Buying and Selling by Quarter for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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