Industrial Alliance Insur. & Fin. Ser. (IAG) Forecasted to Post Q4 2018 Earnings of $1.39 Per Share

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Stock analysts at Desjardins lowered their Q4 2018 earnings estimates for Industrial Alliance Insur. & Fin. Ser. in a research report issued on Thursday, January 10th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $1.39 for the quarter, down from their previous forecast of $1.42. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s FY2020 earnings at $6.21 EPS.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C$1.50 EPS for the quarter, topping the consensus estimate of C$1.40 by C$0.10. The firm had revenue of C$1.98 billion for the quarter.



Other analysts also recently issued research reports about the stock. Royal Bank of Canada upgraded 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. National Bank Financial cut their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Thursday, November 8th. Finally, CIBC set a C$61.00 price objective on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$61.63.

TSE IAG opened at C$47.30 on Friday. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.31 and a current ratio of 0.54. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of C$41.32 and a 52 week high of C$62.01.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 17th were given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, November 20th. Industrial Alliance Insur. & Fin. Ser.’s dividend payout ratio (DPR) is 28.41%.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Michael Lee Stickney acquired 700 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was purchased at an average price of C$36.02 per share, with a total value of C$25,214.00. Also, insider Denis Ricard acquired 4,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was acquired at an average cost of C$48.40 per share, with a total value of C$193,600.00. Insiders acquired 14,400 shares of company stock valued at $663,760 in the last ninety days.

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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