50% off Premium Yearly
Industrial-Alliance Life InsIAG.TODON'T BUYNov 26, 2025Stock price when the opinion was issued
As of Jun 19, 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)
Pressures on the asset management business in the sector remain intense. So you need to rely on the insurance side to carry the day.
Instead, he prefers and owns SLF and MFC in the sector. Also likes their growth in Asian asset management.