FY2018 EPS Estimates for Industrial Alliance Insur. & Fin. Ser. Lowered by Analyst (IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities researchers at National Bank Financial cut their FY2018 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research note issued to investors on Tuesday, October 30th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $5.44 per share for the year, down from their previous forecast of $5.46. National Bank Financial currently has a “Sector Perform” rating and a $62.00 target price on the stock. National Bank Financial also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2018 earnings at $1.38 EPS and FY2019 earnings at $5.89 EPS.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last released its earnings results on Thursday, August 2nd. The company reported C$1.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.36 by C$0.02. Industrial Alliance Insur. & Fin. Ser. had a return on equity of 11.25% and a net margin of 3.75%. The business had revenue of C$2.77 million for the quarter.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity set a C$60.00 target price on Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Desjardins decreased their target price on Industrial Alliance Insur. & Fin. Ser. from C$60.00 to C$57.00 in a research report on Tuesday, October 16th. CIBC set a C$61.00 target price on Industrial Alliance Insur. & Fin. Ser. in a research report on Monday. Finally, BMO Capital Markets raised Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$60.00 to C$65.00 in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$62.13.

IAG stock opened at C$46.80 on Friday. Industrial Alliance Insur. & Fin. Ser. has a twelve month low of C$44.58 and a twelve month high of C$62.01.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Clément Gignac sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of C$51.99, for a total transaction of C$129,975.00. Also, insider Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of C$53.10, for a total transaction of C$53,100.00. Over the last three months, insiders have purchased 4,122 shares of company stock worth $216,923 and have sold 6,000 shares worth $317,365.

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.

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

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