Insider Buying: Industrial Alliance Insur. & Fin. Ser. (IAG) Insider Acquires 2,000 Shares of Stock

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Denis Ricard bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of C$46.50 per share, with a total value of C$93,000.00.

Denis Ricard also recently made the following trade(s):

  • On Tuesday, December 4th, Denis Ricard bought 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were purchased at an average cost of C$47.20 per share, with a total value of C$94,400.00.
  • On Thursday, November 15th, Denis Ricard bought 4,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were purchased at an average cost of C$48.40 per share, with a total value of C$193,600.00.
  • On Thursday, September 13th, Denis Ricard bought 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were purchased at an average cost of C$51.80 per share, with a total value of C$103,600.00.

TSE IAG opened at C$45.12 on Friday. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$44.58 and a 12-month high of C$62.01. The company has a quick ratio of 0.31, a current ratio of 0.54 and a debt-to-equity ratio of 39.21.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C$1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.40 by C$0.10. The company had revenue of C$1.98 billion during the quarter. Equities research analysts predict that Industrial Alliance Insur. & Fin. Ser. will post 4.46999988111702 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.68%. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio is currently 30.33%.

A number of research analysts have issued reports on the stock. Royal Bank of Canada raised shares of Industrial Alliance Insur. & Fin. Ser. from a “sector perform” rating to an “outperform” rating and set a C$66.00 price target for the company in a report on Friday, November 9th. National Bank Financial decreased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$58.00 and set a “sector perform” rating for the company in a report on Thursday, November 8th. CIBC set a C$61.00 price target on shares of Industrial Alliance Insur. & Fin. Ser. in a report on Monday, October 29th. Finally, Desjardins decreased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$60.00 to C$57.00 in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$61.63.

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Industrial Alliance Insur. & Fin. Ser. Company Profile

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. The company operates through four segments: Individual Insurance, Individual Wealth Management, Group Insurance, and Group Savings and Retirement.

Further Reading: Technical Analysis

Insider Buying and Selling by Quarter for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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