Industrial-Alliance Life InsIAG.TOCOMMENTAug 19, 2016Stock price when the opinion was issued
As of Jul 07, 2026. Market Open.
They focus more on personal insurance, but have been consolidating personal investment advisors with the largest network of advisors in Canada now. It trades at 9 times earnings and they are growing the dividend. It is cheaper than a Sunlife or Manulife. Yield 2.9%. (Analysts’ price target is $63.22)
This is on the life insurance side as well as money management, mutual funds, etc. Lifecos are really challenged in operating in this low interest rate environment. This doesn’t meet his criteria.