Cormark Comments on Industrial Alliance Insur. & Fin. Ser.’s FY2020 Earnings (TSE:IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Stock analysts at Cormark upped their FY2020 EPS estimates for Industrial Alliance Insur. & Fin. Ser. in a research report issued to clients and investors on Thursday, November 7th. Cormark analyst M. Grauman now anticipates that the company will earn $6.74 per share for the year, up from their previous forecast of $6.58.

Other research analysts have also issued research reports about the stock. Canaccord Genuity upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$73.00 in a research report on Thursday. National Bank Financial upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$64.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Thursday. BMO Capital Markets upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$64.00 to C$75.00 in a research report on Thursday. Finally, TD Securities upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$74.00 and gave the company a “buy” rating in a research report on Thursday.

Shares of IAG traded up C$0.04 during trading hours on Friday, reaching C$67.69. 373,561 shares of the company traded hands, compared to its average volume of 224,481. The stock’s fifty day moving average is C$61.22 and its 200 day moving average is C$55.46. The stock has a market cap of $6.68 billion and a P/E ratio of 11.38. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.36 and a current ratio of 0.65. Industrial Alliance Insur. & Fin. Ser. has a 1-year low of C$41.32 and a 1-year high of C$69.70.

Industrial Alliance Insur. & Fin. Ser. Company Profile

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.

Read More: Diluted Earnings Per Share

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

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