Industrial Alliance Insur. & Fin. Ser. (IAG) Price Target Raised to C$67.00

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target lifted by Scotiabank from C$66.00 to C$67.00 in a research note published on Thursday. The brokerage currently has a sector perform rating on the stock.

IAG has been the topic of several other reports. Royal Bank Of Canada increased their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$58.00 and gave the company a sector perform rating in a research report on Friday, August 4th. BMO Capital Markets cut their price objective on shares of Industrial Alliance Insur. & Fin. Ser. to C$66.00 and set an outperform rating on the stock in a research report on Thursday. National Bank Financial increased 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 research report on Thursday. Finally, CSFB increased their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of C$63.22.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE IAG) opened at C$60.17 on Thursday. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$48.74 and a 1 year high of C$61.73.

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The business also recently declared 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 represents a $1.52 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. 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 (DPR) is presently 26.48%.

In other Industrial Alliance Insur. & Fin. Ser. news, Director Yvon Charest acquired 2,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of C$52.90 per share, for a total transaction of C$105,800.00. Also, insider Denis Ricard acquired 3,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was acquired at an average price of C$32.08 per share, for a total transaction of C$96,240.00. In the last ninety days, insiders have bought 10,200 shares of company stock worth $356,147.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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

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