Industrial Alliance Insur. & Fin. Ser. (IAG) Scheduled to Post Earnings on Thursday

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Industrial Alliance Insur. & Fin. Ser. to post earnings of C$1.32 per share for the quarter.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last announced its earnings results on Wednesday, November 8th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.29 by C$0.06. The firm had revenue of C$1.62 billion for the quarter. Industrial Alliance Insur. & Fin. Ser. had a net margin of 9.18% and a return on equity of 12.65%.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE IAG) opened at C$59.10 on Thursday. The company has a market cap of $6,310.00, a P/E ratio of 11.68 and a beta of 0.78. Industrial Alliance Insur. & Fin. Ser. has a fifty-two week low of C$48.74 and a fifty-two week high of C$62.01.

Several analysts have commented on the stock. TD Securities raised their target price 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. Scotiabank raised their target price 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. BMO Capital Markets dropped their target price on shares of Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. National Bank Financial lifted their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$65.00 and gave the company a “sector perform” rating in a report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$64.71.

In other news, insider Michel Tremblay sold 10,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction that occurred on 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 Clément Gignac sold 2,500 shares of the business’s stock in a transaction on 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 worth $2,251,425 over the last quarter.

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About Industrial Alliance Insur. & Fin. Ser.

Industrial Alliance Insurance and Financial Services Inc is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company’s segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, which includes retirement funds and segregated funds, and Other, which includes auto and home insurance products, asset management and financing.

Earnings History for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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