Q3 2017 EPS Estimates for Industrial Alliance Insur. & Fin. Ser. Boosted by Analyst (IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities researchers at National Bank Financial upped their Q3 2017 earnings estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $1.31 per share for the quarter, up from their previous estimate of $1.27. National Bank Financial also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2017 earnings at $1.37 EPS, FY2017 earnings at $4.94 EPS, Q1 2018 earnings at $1.27 EPS, Q2 2018 earnings at $1.32 EPS and FY2018 earnings at $5.26 EPS.

IAG has been the subject of a number of other research reports. ValuEngine downgraded Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. Scotiabank raised Industrial Alliance Insur. & Fin. Ser. from an “underperform” rating to a “sector perform” rating in a research note on Thursday, May 11th. Royal Bank Of Canada decreased their target price on Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$57.00 and set a “sector perform” rating for the company in a research note on Friday, May 12th. Finally, TD Securities reduced their price objective on Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$61.00 and set a “hold” rating for the company in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Industrial Alliance Insur. & Fin. Ser. presently has a consensus rating of “Hold” and an average price target of C$59.11.

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Industrial Alliance Insur. & Fin. Ser. (IAG) opened at 56.56 on Monday. The firm has a market capitalization of $6.02 billion and a price-to-earnings ratio of 10.78. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of $39.26 and a 12-month high of $59.41. The company’s 50-day moving average price is $56.12 and its 200-day moving average price is $55.59.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, August 23rd. This is an increase from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.23.

In related news, Director Carl Andrew Mustos bought 1,700 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of C$50.52 per share, with a total value of C$85,884.00. Also, insider Normand Pépin sold 52,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of C$54.00, for a total value of C$2,808,000.00. In the last ninety days, insiders acquired 5,700 shares of company stock worth $290,884 and sold 114,000 shares worth $6,184,280.

About Industrial Alliance Insur. & Fin. Ser.

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

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