Insider Selling: Industrial Alliance Insur. & Fin. Ser. (IAG) Insider Sells C$563,300.00 in Stock

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Michel Tremblay sold 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$56.33, for a total transaction of C$563,300.00.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at 54.23 on Friday. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of $44.09 and a 12-month high of $59.41. The firm has a market cap of $5.78 billion and a price-to-earnings ratio of 10.66. The firm’s 50-day moving average is $56.47 and its 200-day moving average is $55.60.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.35 dividend. This is a boost from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.23. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, August 23rd.

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Several research firms recently weighed in on IAG. Royal Bank Of Canada increased their target price 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 note on Friday, August 4th. Scotiabank upgraded shares of Industrial Alliance Insur. & Fin. Ser. from an “underperform” rating to a “sector perform” rating in a research note on Thursday, May 11th. TD Securities upgraded shares of Industrial Alliance Insur. & Fin. Ser. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, ValuEngine cut shares of Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$59.11.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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

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