Insurance Australia Group (OTCMKTS:IAUGY) Sees Large Volume Increase – Here’s What Happened

Insurance Australia Group Limited (OTCMKTS:IAUGY) shares saw an uptick in trading volume on Monday . 32,580 shares changed hands during trading, an increase of 4,983% from the previous session’s volume of 641 shares.The stock last traded at $28.2780 and had previously closed at $27.95.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Insurance Australia Group to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Insurance Australia Group Trading Up 2.8%

The company has a market cap of $13.38 billion and a PE ratio of 10.43. The business has a 50 day simple moving average of $26.27 and a two-hundred day simple moving average of $25.83.

About Insurance Australia Group

Insurance Australia Group (OTCMKTS:IAUGY) is a leading general insurance underwriter headquartered in Sydney, Australia. The company provides a broad range of personal and commercial insurance products, including home, motor, travel, business and liability coverage. IAG serves individual policyholders, small to mid-sized enterprises and large corporate clients through a diversified distribution network of brokers, direct sales, affinity partnerships and digital channels.

Formed in 2000 through the merger of several Australian and New Zealand insurers, IAG has since grown to become the largest general insurer in its home markets.