Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 110 shares, a drop of 88.7% from the June 30th total of 974 shares. Based on an average daily trading volume, of 216 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Insurance Australia Group Price Performance
Shares of OTCMKTS:IAUGY opened at $28.35 on Monday. The company’s 50-day moving average price is $28.58 and its 200 day moving average price is $26.57. The company has a market cap of $13.26 billion and a PE ratio of 10.43. Insurance Australia Group has a fifty-two week low of $21.58 and a fifty-two week high of $30.71.
Analyst Ratings Changes
Several equities research analysts recently issued reports on IAUGY shares. The Goldman Sachs Group raised Insurance Australia Group to a “buy” rating in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Insurance Australia Group to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Insurance Australia Group currently has an average 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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