Industrial Alliance Insur. & Fin. Ser. (IAG) Insider Denis Ricard Buys 2,000 Shares

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Denis Ricard acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was purchased at an average cost of C$47.20 per share, with a total value of C$94,400.00.

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

  • On Thursday, November 15th, Denis Ricard acquired 4,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The stock was 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 acquired 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The stock was purchased at an average cost of C$51.80 per share, with a total value of C$103,600.00.

IAG traded down C$1.89 on Thursday, hitting C$45.24. 368,920 shares of the company’s stock were exchanged, compared to its average volume of 217,589. Industrial Alliance Insur. & Fin. Ser. has a twelve month low of C$44.58 and a twelve month high of C$62.01. The company has a current ratio of 0.54, a quick ratio of 0.31 and a debt-to-equity ratio of 39.21.



Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last issued its earnings results on Wednesday, November 7th. The company reported C$1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.40 by C$0.10. The business had revenue of C$1.98 billion for the quarter. Equities analysts expect that Industrial Alliance Insur. & Fin. Ser. will post 4.48000017849347 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 17th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Tuesday, November 20th. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio is 28.41%.

A number of equities analysts have weighed in 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 objective for the company in a research report on Friday, November 9th. Desjardins reissued a “buy” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 15th. CIBC set a C$61.00 price target on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 29th. Finally, National Bank Financial reduced 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 on the stock in a research report on Thursday, November 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Industrial Alliance Insur. & Fin. Ser. currently has a consensus rating of “Buy” and an average price target of C$61.63.

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About Industrial Alliance Insur. & Fin. Ser.

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.

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

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