INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES (IAG) Stocks
ABOUT INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES
Industrial Alliance Insurance and Financial Services Inc. is a Canadian insurance and wealth management company with a diversified business range. It features strongly in the Canadian market where it serves about three million customers across the country and ranks fourth among insurance companies.
Since 2010 it has started to increase its presence in the US market too as another opportunity for growth.
Industrial Life Insurance and Alliance Nationale is the oldest parts of the current company and had already merged in 1987. In the following years the new company made a number of acquisitions and after 1999 renamed itself to Industrial Alliance Insurance and Financial Services.
The company has its headquarters in Québec.
OVERVIEW OF INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES
Industrial Alliance Insurance and Financial Services Inc. primarily provides health and life insurance and wealth management services to groups and individuals.
A ‘pick a term’ insurance plan is a unique feature about its business and offers applicants the choice of picking a term between 10 and 30 years for coverage.
Mortgage insurance claims are processed faster than most other because plans are underwritten at the time of application and not when claimed.
The company has about 6 800 full time employees and operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments. It offers various individual insurance products and services, group insurance products, residential mortgage loans, registered retirement savings plan loans, registered education savings plan loans, investment loans and savings and retirement products.
VISION & VALUES OF INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES
- Industrial Alliance Insurance and Financial Services Inc. strives to ensure the financial wellbeing of clients by offering them personal insurance coverage and investment solutions to help them achieve their personal goals.
- It is its ambition to be the company that best meets client expectations and for clients to be confident and secure about their future.
- Values like teamwork, high performance, continuous improvement, respect for individuals and distributors are kept in high esteem at the company.
- Industrial Alliance Insurance and Financial Services Inc. adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES
Industrial Alliance Insurance and Financial Services Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol IAG listed in the Insurance, Financial sector.
Highlights of the company’s third quarter performance in 2019 include net income of US Dollar 183.7 million, diluted earnings per common share (EPS) of US Dollar 1.72 and return on shareholders’ equity for the last twelve months of 12.7%. Core EPS of US Dollar 1.77 is above guidance of US Dollar 1.55 to US Dollar 1.65 per share for the quarter.
Revenue was US Dollar 3,715.00 million and profit margin 5.09%.
Due to Industrial Alliance Insurance and Financial Services Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES stocks / shares – A Step by Step Guide how to Buy / Purchase INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?