Q2 2017 EPS Estimates for Industrial Alliance Insur. & Fin. Ser. Lowered by Cormark (TSE:IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Cormark dropped their Q2 2017 earnings per share (EPS) estimates for Industrial Alliance Insur. & Fin. Ser. in a note issued to investors on Tuesday. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $1.15 for the quarter, down from their previous forecast of $1.20. Cormark also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s FY2017 earnings at $4.76 EPS and FY2018 earnings at $5.27 EPS.

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A number of other research analysts also recently issued reports on IAG. ValuEngine downgraded shares of Industrial Alliance Insur. & Fin. Ser. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th. Scotiabank upgraded shares of Industrial Alliance Insur. & Fin. Ser. from an “underperform” rating to a “sector perform” rating in a research report on Thursday, May 11th. Royal Bank Of Canada decreased their target price on shares of 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 report on Friday, May 12th. Finally, TD Securities decreased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$61.00 and set a “hold” rating for the company in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$59.00.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at 58.05 on Wednesday. Industrial Alliance Insur. & Fin. Ser. has a one year low of $39.26 and a one year high of $59.41. The company has a 50-day moving average price of $54.50 and a 200-day moving average price of $55.46. The company has a market capitalization of $6.17 billion and a PE ratio of 11.06.

In other news, Director Carl Andrew Mustos acquired 1,700 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of C$50.52 per share, for a total transaction of C$85,884.00. Also, insider Normand Pépin sold 52,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of C$54.00, for a total transaction of C$2,808,000.00. In the last quarter, insiders acquired 5,700 shares of company stock valued at $290,884 and sold 114,000 shares valued at $6,184,280.

About Industrial Alliance Insur. & Fin. Ser.

Earnings History and Estimates for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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