Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – National Bank Financial increased their Q3 2017 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research note issued on Thursday. National Bank Financial analyst G. Dechaine now expects that the company will earn $1.31 per share for the quarter, up from their prior 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.

A number of other analysts have also issued reports on the company. Scotiabank upgraded Industrial Alliance Insur. & Fin. Ser. from an “underperform” rating to a “sector perform” rating in a research note on Thursday, May 11th. ValuEngine lowered Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 11th. TD Securities decreased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$61.00 and set a “hold” rating on the stock in a research note on Friday, May 12th. Finally, Royal Bank Of Canada decreased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$57.00 and set a “sector perform” rating on the stock in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$59.11.

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Shares of Industrial Alliance Insur. & Fin. Ser. (IAG) opened at 56.17 on Monday. The stock’s 50 day moving average price is $55.78 and its 200 day moving average price is $55.57. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of $39.26 and a 12-month high of $59.41. The firm has a market capitalization of $5.97 billion and a price-to-earnings ratio of 10.70.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Michael Lee Stickney sold 2,500 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$52.50, for a total value of C$131,250.00. Also, insider Denis Ricard bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of C$50.00 per share, for a total transaction of C$100,000.00. Over the last 90 days, insiders acquired 5,700 shares of company stock worth $290,884 and sold 114,000 shares worth $6,184,280.

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. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.

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

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