Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) has been assigned an average rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$63.22.

A number of equities analysts have weighed in on IAG shares. CSFB upped their price objective on shares of Industrial Alliance Insurance and Financial Services from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. Scotiabank upped their target price on shares of Industrial Alliance Insurance and Financial Services from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Thursday, November 9th. TD Securities upped their target price on shares of Industrial Alliance Insurance and Financial Services from C$66.00 to C$68.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets dropped their target price on shares of Industrial Alliance Insurance and Financial Services to C$66.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Finally, National Bank Financial upped their target price on shares of Industrial Alliance Insurance and Financial Services from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th.

In other news, Director Yvon Charest acquired 1,200 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of C$52.46 per share, with a total value of C$62,952.00. Also, insider Michel Tremblay sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$59.60, for a total transaction of C$596,000.00. In the last ninety days, insiders have bought 8,700 shares of company stock valued at $322,257 and have sold 17,500 shares valued at $1,010,125.

Industrial Alliance Insurance and Financial Services (TSE:IAG) traded down C$0.61 during trading hours on Monday, reaching C$59.99. 154,027 shares of the company’s stock were exchanged, compared to its average volume of 194,126. Industrial Alliance Insurance and Financial Services has a 52 week low of C$48.74 and a 52 week high of C$61.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.38 per share. This is a positive change from Industrial Alliance Insurance and Financial Services’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, November 22nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. Industrial Alliance Insurance and Financial Services’s dividend payout ratio is presently 27.08%.

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Industrial Alliance Insurance and Financial Services Company Profile

Analyst Recommendations for Industrial Alliance Insurance and Financial Services (TSE:IAG)

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