Scotiabank reiterated their sector perform rating on shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) in a research note published on Thursday morning.
Other research analysts also recently issued research reports about the company. TD Securities upgraded Industrial Alliance Insur. & Fin. Ser. from a hold rating to a buy rating in a research note on Wednesday, June 14th. ValuEngine downgraded Industrial Alliance Insur. & Fin. Ser. from a strong-buy rating to a buy rating in a research note on Thursday, May 11th. Finally, Royal Bank Of Canada decreased their price target on Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$57.00 and set a sector perform rating for the company in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of C$59.11.
Industrial Alliance Insur. & Fin. Ser. (IAG) traded up 0.32% during trading on Thursday, hitting $56.17. The stock had a trading volume of 261,551 shares. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of $39.26 and a 12-month high of $59.41. The company has a market cap of $5.97 billion and a P/E ratio of 10.70. The company has a 50 day moving average of $55.78 and a 200-day moving average of $55.57.
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In other Industrial Alliance Insur. & Fin. Ser. news, Director Carl Andrew Mustos bought 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of C$50.52 per share, for a total transaction of C$85,884.00. Also, insider Michael Lee Stickney bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average price of C$52.50 per share, with a total value of C$105,000.00. In the last 90 days, insiders have purchased 5,700 shares of company stock valued at $290,884 and have sold 114,000 shares valued at $6,184,280.
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. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.
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