Industrial Alliance Insur. & Fin. Ser. (IAG) Insider Michael Lee Stickney Sells 1,000 Shares

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Michael Lee Stickney sold 1,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of C$53.50, for a total transaction of C$53,500.00.

Michael Lee Stickney also recently made the following trade(s):

  • On Monday, June 4th, Michael Lee Stickney sold 1,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were sold at an average price of C$53.50, for a total transaction of C$53,500.00.
  • On Thursday, May 24th, Michael Lee Stickney sold 1,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The shares were sold at an average price of C$53.50, for a total transaction of C$53,500.00.

Shares of IAG opened at C$53.09 on Friday. Industrial Alliance Insur. & Fin. Ser. has a 52-week low of C$48.67 and a 52-week high of C$62.01.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last announced its earnings results on Thursday, May 10th. The company reported C$1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.21 by C$0.11. Industrial Alliance Insur. & Fin. Ser. had a net margin of 3.75% and a return on equity of 11.25%. The company had revenue of C$2.57 billion for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Monday, September 17th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, August 23rd. This is a boost from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.38.

Several brokerages have issued reports on IAG. Canaccord Genuity set a C$60.00 target price on shares of Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a research note on Tuesday, July 24th. BMO Capital Markets raised shares of Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$60.00 to C$65.00 in a research note on Friday, August 3rd. National Bank Financial lowered their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. Scotiabank lowered their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Friday, May 11th. Finally, TD Securities lowered their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$67.00 to C$66.00 and set a “buy” rating on the stock in a research note on Friday, May 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$62.67.

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.

Read More: Earnings Per Share (EPS)

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

Receive News & Ratings for Industrial Alliance Insur. & Fin. Ser. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Alliance Insur. & Fin. Ser. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply