Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) insider Michel Tremblay sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$59.90, for a total transaction of C$299,500.00.

Michel Tremblay also recently made the following trade(s):

  • On Monday, December 4th, Michel Tremblay sold 10,000 shares of Industrial Alliance Insurance and Financial Services stock. The stock was sold at an average price of C$60.20, for a total transaction of C$602,000.00.
  • On Wednesday, November 15th, Michel Tremblay sold 10,000 shares of Industrial Alliance Insurance and Financial Services stock. The stock was sold at an average price of C$59.60, for a total transaction of C$596,000.00.

Shares of Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) traded up C$0.38 during midday trading on Tuesday, reaching C$60.27. 189,167 shares of the company traded hands, compared to its average volume of 192,562. Industrial Alliance Insurance and Financial Services Inc. has a one year low of C$48.74 and a one year high of C$61.73.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.38 dividend. This is a boost from Industrial Alliance Insurance and Financial Services’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.52 annualized dividend and a dividend yield of 2.52%. Industrial Alliance Insurance and Financial Services’s dividend payout ratio is 27.08%.

Several research firms recently weighed in on IAG. TD Securities upped their price target 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 research report on Thursday, November 9th. Scotiabank upped their price target 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 research report on Thursday, November 9th. BMO Capital Markets reduced their price target on shares of Industrial Alliance Insurance and Financial Services to C$66.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. National Bank Financial upped their price objective on shares of Industrial Alliance Insurance and Financial Services from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada upped their price objective on shares of Industrial Alliance Insurance and Financial Services from C$58.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$63.22.

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Industrial Alliance Insurance and Financial Services Company Profile

Insider Buying and Selling by Quarter for Industrial Alliance Insurance and Financial Services (TSE:IAG)

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