Insurance Australia Group (OTCMKTS:IAUGY) Trading Up 0.5%

Shares of Insurance Australia Group Limited (OTCMKTS:IAUGY) rose 0.5% on Thursday . The company traded as high as $20.16 and last traded at $20.16. Approximately 174 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,330 shares. The stock had previously closed at $20.06.

Insurance Australia Group Stock Performance

The firm has a 50 day moving average price of $20.19 and a 200-day moving average price of $19.28.

Insurance Australia Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 11th. Shareholders of record on Monday, February 26th were given a dividend of $0.1958 per share. The ex-dividend date was Friday, February 23rd. This is a boost from Insurance Australia Group’s previous dividend of $0.09. Insurance Australia Group’s payout ratio is presently 69.30%.

Insurance Australia Group Company Profile

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, personal liability, business, and rural and horticultural, as well as reinsurance.