Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) have been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$63.38.

IAG has been the subject of several analyst reports. CSFB boosted their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a report on Wednesday, November 1st. TD Securities upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. 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 reduced their price objective on shares of Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. National Bank Financial upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Scotiabank upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Thursday, November 9th.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Michel Tremblay sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$59.60, for a total value of C$596,000.00. Also, insider ClĂ©ment Gignac sold 2,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$59.57, for a total transaction of C$148,925.00. Insiders sold 37,500 shares of company stock valued at $2,251,425 in the last ninety days.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE IAG) traded down C$0.24 on Tuesday, hitting C$59.77. 74,000 shares of the stock traded hands, compared to its average volume of 105,173. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of C$48.74 and a 52 week high of C$61.73. The firm has a market capitalization of $6,400.00, a P/E ratio of 11.81 and a beta of 0.90.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.52 annualized dividend and a yield of 2.54%. This is an increase from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.35. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio is presently 27.08%.

TRADEMARK VIOLATION NOTICE: “Industrial Alliance Insur. & Fin. Ser. (IAG) Receives Consensus Rating of “Buy” from Brokerages” was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/09/industrial-alliance-insur-fin-ser-iag-receives-consensus-rating-of-buy-from-brokerages.html.

About Industrial Alliance Insur. & Fin. Ser.

Analyst Recommendations for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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