Cormark Research Analysts Increase Earnings Estimates for Industrial Alliance Insur. & Fin. Ser. (IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities research analysts at Cormark increased their FY2018 earnings per share (EPS) estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research note issued to investors on Thursday, November 8th. Cormark analyst M. Grauman now anticipates that the company will post earnings of $5.53 per share for the year, up from their prior estimate of $5.48. Cormark also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2018 earnings at $1.37 EPS, Q1 2019 earnings at $1.36 EPS, Q2 2019 earnings at $1.47 EPS, Q3 2019 earnings at $1.66 EPS, Q4 2019 earnings at $1.61 EPS and FY2019 earnings at $6.10 EPS.

Other equities research analysts have also recently issued reports about the company. Desjardins reiterated a “buy” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research note on Monday, October 15th. National Bank Financial cut 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. BMO Capital Markets upgraded Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$60.00 to C$65.00 in a research note on Friday, August 3rd. 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. Finally, CIBC set a C$61.00 target price on Industrial Alliance Insur. & Fin. Ser. in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$61.63.

IAG stock opened at C$48.57 on Friday. The company has a debt-to-equity ratio of 39.56, a current ratio of 0.43 and a quick ratio of 0.22. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$44.58 and a 1 year high of C$62.01.

In other news, insider Clément Gignac sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was 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 on Tuesday, August 14th. The shares were sold at an average price of C$53.10, for a total value of C$53,100.00. Over the last three months, insiders have bought 4,122 shares of company stock worth $216,923 and have sold 5,000 shares worth $263,865.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 17th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, November 20th. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio (DPR) is 29.22%.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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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