Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) insider Michel Tremblay sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$60.20, for a total value of C$602,000.00.

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

  • On Friday, December 1st, Michel Tremblay sold 5,000 shares of Industrial Alliance Insurance and Financial Services stock. The stock was sold at an average price of C$59.90, for a total value of C$299,500.00.
  • 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 value of C$596,000.00.

Industrial Alliance Insurance and Financial Services Inc. (TSE IAG) traded up C$0.38 during trading on Tuesday, reaching C$60.27. The company’s stock had a trading volume of 189,167 shares, compared to its average volume of 192,562. Industrial Alliance Insurance and Financial Services Inc. has a 1 year low of C$48.74 and a 1 year high of C$61.73.

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

Several analysts recently weighed in on IAG shares. CSFB upped their price objective on Industrial Alliance Insurance and Financial Services from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. TD Securities increased their target price on Industrial Alliance Insurance and Financial Services from C$66.00 to C$68.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets dropped their target price on 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 increased their target price on Industrial Alliance Insurance and Financial Services from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Scotiabank increased their target price on Industrial Alliance Insurance and Financial Services from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Industrial Alliance Insurance and Financial Services currently has a consensus rating of “Buy” and a consensus 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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