50% off Premium Yearly
Industrial-Alliance Life InsIAG.TOHOLDJun 18, 2026Stock 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)
No issues with this one. Not as big as the 3 big insurers in Canada, but has still found pockets to grow domestically and outside Canada. Stronger growth outlook, but valuations in the whole sector have come up significantly.