Industrial Alliance Insur. & Fin. Ser. to Post Q1 2018 Earnings of $1.28 Per Share, National Bank Financial Forecasts (IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Research analysts at National Bank Financial dropped their Q1 2018 earnings per share (EPS) estimates for Industrial Alliance Insur. & Fin. Ser. in a research report issued on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $1.28 per share for the quarter, down from their previous forecast of $1.29. National Bank Financial currently has a “Sector Perform” rating and a $66.00 target price on the stock. National Bank Financial also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q2 2018 earnings at $1.31 EPS and Q3 2018 earnings at $1.39 EPS.

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A number of other research firms also recently issued reports on IAG. BMO Capital Markets downgraded shares of Industrial Alliance Insur. & Fin. Ser. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$66.00 to C$63.00 in a report on Friday, February 16th. Royal Bank of Canada lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$65.00 to C$66.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. CSFB lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research note on Wednesday, November 1st. Scotiabank lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th. Finally, CIBC upgraded Industrial Alliance Insur. & Fin. Ser. from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$64.00 to C$66.00 in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$64.86.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at C$57.07 on Monday. The stock has a market cap of $6,090.00, a price-to-earnings ratio of 11.86 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.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, March 1st. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is 29.73%.

In related news, insider Michel Tremblay sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$59.90, for a total value of C$299,500.00. Also, Director Yvon Charest sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of C$60.50, for a total value of C$605,000.00. Insiders have sold a total of 25,000 shares of company stock worth $1,506,500 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 and Estimates for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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