Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) insider Michael Lee Stickney purchased 1,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average cost of C$48.54 per share, with a total value of C$48,540.00.

Michael Lee Stickney also recently made the following trade(s):

  • On Tuesday, August 14th, Michael Lee Stickney sold 1,000 shares of Industrial Alliance Insur. & Fin. Ser. stock. The stock was sold at an average price of C$53.10, for a total transaction of C$53,100.00.

Shares of TSE IAG opened at C$48.57 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of 39.56. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$44.58 and a 1 year high of C$62.01.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, November 20th. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is currently 29.22%.

Several analysts have issued reports on the stock. National Bank Financial decreased their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Friday, August 3rd. BMO Capital Markets raised shares of Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$60.00 to C$65.00 in a research note on Friday, August 3rd. Canaccord Genuity set a C$60.00 price objective on shares of Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a research note on Tuesday, July 24th. 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 note on Friday, November 9th. Finally, Desjardins reissued a “buy” rating on shares of Industrial Alliance Insur. & Fin. Ser. in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Industrial Alliance Insur. & Fin. Ser. currently has an average rating of “Buy” and an average target price of C$61.63.

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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.

Read More: Book Value Per Share – BVPS

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

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