Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target reduced by Scotiabank from C$68.00 to C$65.00 in a research report report published on Friday, February 16th. They currently have a sector perform rating on the stock.
A number of other brokerages also recently issued reports on IAG. BMO Capital Markets downgraded Industrial Alliance Insur. & Fin. Ser. from an outperform rating to a market perform rating and lowered their price target for the company from C$66.00 to C$63.00 in a report on Friday, February 16th. Royal Bank of Canada upped their price target 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 upped their price target on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research note on Wednesday, November 1st. National Bank Financial increased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the stock an outperform rating in a research report on Thursday, November 9th. Finally, CIBC upgraded Industrial Alliance Insur. & Fin. Ser. from a neutral rating to an outperform rating and increased their price objective for the stock from C$64.00 to C$66.00 in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$64.29.
Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) traded up C$0.11 during trading on Friday, hitting C$54.09. The stock had a trading volume of 290,949 shares, compared to its average volume of 284,264. Industrial Alliance Insur. & Fin. Ser. has a 1-year low of C$48.74 and a 1-year high of C$62.01. The firm has a market capitalization of $5,770.00, a P/E ratio of 11.25 and a beta of 0.83.
In other Industrial Alliance Insur. & Fin. Ser. news, insider Renée Laflamme sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of C$53.54, for a total transaction of C$267,700.00. Also, Director Yvon Charest acquired 750 shares of the stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of C$54.01 per share, with a total value of C$40,507.50. Over the last 90 days, insiders bought 7,750 shares of company stock worth $273,458.
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.
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