Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Renée Laflamme acquired 922 shares of the stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of C$54.32 per share, for a total transaction of C$50,083.04.

IAG stock opened at C$54.10 on Wednesday. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$48.67 and a 12-month high of C$62.01.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Monday, September 17th will be given a $0.415 dividend. This is a boost from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.07%.

A number of equities analysts recently commented on IAG shares. TD Securities decreased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$67.00 to C$66.00 and set a “buy” rating on the stock in a research report on Friday, May 11th. Scotiabank decreased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Friday, May 11th. National Bank Financial decreased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating on the stock in a research report on Friday, August 3rd. BMO Capital Markets upgraded shares of Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$60.00 to C$65.00 in a research report on Friday, August 3rd. Finally, Canaccord Genuity set a C$60.00 target price on shares of Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$62.67.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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.

Further Reading: Market Capitalization – What it Means for Investors

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

Receive News & Ratings for Industrial Alliance Insur. & Fin. Ser. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Alliance Insur. & Fin. Ser. and related companies with MarketBeat.com's FREE daily email newsletter.