Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Cormark lowered their Q3 2017 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a research note issued on Friday. Cormark analyst M. Grauman now expects that the company will earn $1.26 per share for the quarter, down from their prior estimate of $1.27. Cormark also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2017 earnings at $1.32 EPS and Q1 2018 earnings at $1.20 EPS.

Several other brokerages have also recently weighed in on IAG. Royal Bank Of Canada dropped their price objective 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 report on Friday, May 12th. Scotiabank reissued a “sector perform” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a report on Thursday. TD Securities raised Industrial Alliance Insur. & Fin. Ser. from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine cut Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Industrial Alliance Insur. & Fin. Ser. presently has an average rating of “Hold” and an average target price of C$59.11.

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Industrial Alliance Insur. & Fin. Ser. (IAG) opened at 56.17 on Monday. The stock has a 50 day moving average of $55.78 and a 200 day moving average of $55.57. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of $39.26 and a 52 week high of $59.41. The firm has a market cap of $5.97 billion and a PE ratio of 10.70.

In related news, Director Carl Andrew Mustos purchased 1,700 shares of the stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of C$50.52 per share, with a total value of C$85,884.00. Also, insider Michael Lee Stickney sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of C$56.04, for a total value of C$224,160.00. Over the last ninety days, insiders bought 5,700 shares of company stock valued at $290,884 and sold 114,000 shares valued at $6,184,280.

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. 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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