Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3 shares, a decrease of 98.0% from the July 30th total of 152 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 150 shares, the days-to-cover ratio is presently 0.0 days.
Insurance Australia Group Stock Performance
Insurance Australia Group stock remained flat at $30.45 during mid-day trading on Tuesday. 33 shares of the company’s stock were exchanged, compared to its average volume of 136. Insurance Australia Group has a fifty-two week low of $21.58 and a fifty-two week high of $30.71. The stock’s 50-day moving average price is $28.71 and its 200 day moving average price is $26.91.
Analyst Ratings Changes
IAUGY has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Insurance Australia Group to a “buy” rating in a research note on Wednesday, June 24th. Zacks Research raised shares of Insurance Australia Group to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Insurance Australia Group has a consensus rating of “Moderate Buy”.
Insurance Australia Group Company Profile
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.
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