The Industrial Alliance Insur. & Fin. Ser. (IAG) Forecasted to Post Q3 2016 Earnings of $1.19 Per Share

The Industrial Alliance Insur. & Fin. Ser. (IAG) Forecasted to Post Q3 2016 Earnings of $1.19 Per Share

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Cormark increased their Q3 2016 earnings per share estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a report issued on Friday. Cormark analyst M. Grauman now forecasts that the brokerage will post earnings of $1.19 per share for the quarter, up from their previous forecast of $1.16. Cormark also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s Q4 2016 earnings at $1.19 EPS, FY2016 earnings at $4.62 EPS and FY2017 earnings at $4.82 EPS.

Several other research firms also recently commented on IAG. CSFB lifted their price objective on Industrial Alliance Insur. & Fin. Ser. from C$49.00 to C$50.00 and gave the stock a “neutral” rating in a report on Tuesday, August 23rd. Canaccord Genuity lifted their price objective on Industrial Alliance Insur. & Fin. Ser. from C$42.00 to C$44.00 and gave the stock a “hold” rating in a report on Friday, August 5th. RBC Capital Markets lifted their price objective on Industrial Alliance Insur. & Fin. Ser. from C$42.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th. BMO Capital Markets upgraded Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$46.00 to C$51.00 in a report on Friday, August 5th. Finally, Scotiabank raised their target price on Industrial Alliance Insur. & Fin. Ser. from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$48.09.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at 50.60 on Monday. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of $35.00 and a 52 week high of $51.76. The firm’s 50-day moving average is $48.52 and its 200-day moving average is $44.05. The company has a market cap of $5.19 billion and a price-to-earnings ratio of 14.64.

In other news, insider Ren? Chabot sold 7,800 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$48.00, for a total transaction of C$374,400.00.

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