Q3 2018 Earnings Estimate for Industrial Alliance Insur. & Fin. Ser. (IAG) Issued By Cormark

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities research analysts at Cormark upped their Q3 2018 earnings per share estimates for Industrial Alliance Insur. & Fin. Ser. in a research note issued on Thursday, November 1st. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $1.42 for the quarter, up from their previous forecast of $1.41.

Several other analysts also recently issued reports on IAG. Canaccord Genuity set a C$60.00 target price on Industrial Alliance Insur. & Fin. Ser. and gave the company a “buy” rating in a research note on Tuesday, July 24th. 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 company from C$60.00 to C$65.00 in a research note on Friday, August 3rd. National Bank Financial decreased their target price on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. Desjardins decreased their target price on Industrial Alliance Insur. & Fin. Ser. from C$60.00 to C$57.00 in a research note on Tuesday, October 16th. Finally, CIBC set a C$61.00 target price on Industrial Alliance Insur. & Fin. Ser. in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$62.13.

Shares of IAG opened at C$47.30 on Monday. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$44.58 and a 12-month high of C$62.01.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Clément Gignac sold 2,500 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of C$51.99, for a total value of C$129,975.00. Also, Director Yvon Charest acquired 1,200 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction on Wednesday, September 19th. The stock was purchased at an average cost of C$52.70 per share, for a total transaction of C$63,240.00. In the last ninety days, insiders acquired 4,122 shares of company stock worth $216,923 and 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.

Featured Story: Swap

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

Receive News & Ratings for Industrial Alliance Insur. & Fin. Ser. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Alliance Insur. & Fin. Ser. and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply