Industrial Alliance Insurance and Financial Services Inc. (IAG) Insider Michel Tremblay Sells 5,000 Shares of Stock

Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) insider Michel Tremblay sold 5,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$59.90, for a total value of C$299,500.00.

Michel Tremblay also recently made the following trade(s):

  • On Monday, December 4th, Michel Tremblay sold 10,000 shares of Industrial Alliance Insurance and Financial Services stock. The shares were sold at an average price of C$60.20, for a total value of C$602,000.00.
  • On Wednesday, November 15th, Michel Tremblay sold 10,000 shares of Industrial Alliance Insurance and Financial Services stock. The shares were sold at an average price of C$59.60, for a total value of C$596,000.00.

Shares of Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) traded up C$0.01 during mid-day trading on Wednesday, hitting C$60.28. The stock had a trading volume of 170,386 shares, compared to its average volume of 192,467. Industrial Alliance Insurance and Financial Services Inc. has a fifty-two week low of C$48.74 and a fifty-two week high of C$61.73.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Industrial Alliance Insurance and Financial Services’s previous quarterly dividend of $0.35. Industrial Alliance Insurance and Financial Services’s payout ratio is 27.08%.

Several research firms have weighed in on IAG. Royal Bank Of Canada boosted their price target on Industrial Alliance Insurance and Financial Services from C$58.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. National Bank Financial boosted their price target on Industrial Alliance Insurance and Financial Services from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. BMO Capital Markets dropped their price target on Industrial Alliance Insurance and Financial Services to C$66.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. TD Securities boosted their price target on Industrial Alliance Insurance and Financial Services from C$66.00 to C$68.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Scotiabank boosted their price target on Industrial Alliance Insurance and Financial Services from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$63.22.

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About Industrial Alliance Insurance and Financial Services

Insider Buying and Selling by Quarter for Industrial Alliance Insurance and Financial Services (TSE:IAG)

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