Q4 2018 EPS Estimates for Industrial Alliance Insur. & Fin. Ser. (IAG) Reduced by Desjardins

Share on StockTwits

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

Other equities analysts have also issued reports about the stock. CIBC set a C$61.00 price target on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 29th. 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 target on the stock in a research report on Friday, November 9th. Finally, National Bank Financial lowered their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$58.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Industrial Alliance Insur. & Fin. Ser. has an average rating of “Buy” and an average target price of C$61.63.

IAG opened at C$46.36 on Friday. Industrial Alliance Insur. & Fin. Ser. has a twelve month low of C$41.32 and a twelve month high of C$62.01. The company has a debt-to-equity ratio of 39.21, a current ratio of 0.54 and a quick ratio of 0.31.

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

In other news, insider Denis Ricard bought 2,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average cost of C$47.20 per share, for a total transaction of C$94,400.00. Also, insider Michael Lee Stickney bought 1,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of C$48.54 per share, for a total transaction of C$48,540.00. Insiders acquired a total of 14,400 shares of company stock worth $663,760 over the last quarter.

The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 17th were issued a $0.415 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.66 annualized dividend and a yield of 3.58%. Industrial Alliance Insur. & Fin. Ser.’s payout ratio is 28.41%.

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.

Further Reading: How do taxes affect a CDs total return?

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.

Latest News

Village Farms International  Trading 20.4% Higher
Village Farms International Trading 20.4% Higher
Enablence Technologies  Trading Down 16.7%
Enablence Technologies Trading Down 16.7%
Q4 2019 EPS Estimates for Citizens Financial Group Inc  Lowered by Wedbush
Q4 2019 EPS Estimates for Citizens Financial Group Inc Lowered by Wedbush
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
Trevali Mining  Price Target Lowered to C$0.60 at National Bank Financial
Trevali Mining Price Target Lowered to C$0.60 at National Bank Financial


Leave a Reply

 
© 2006-2019 Zolmax.