Insurance Australia Group (OTCMKTS:IAUGY) Trading Down 1.9%

Insurance Australia Group Limited (OTCMKTS:IAUGY)’s share price traded down 1.9% on Monday . The company traded as low as $17.88 and last traded at $17.88. 530 shares were traded during mid-day trading, a decline of 56% from the average session volume of 1,194 shares. The stock had previously closed at $18.22.

Insurance Australia Group Stock Down 1.9 %

The stock has a 50 day simple moving average of $18.87 and a two-hundred day simple moving average of $17.45.

Insurance Australia Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, August 31st will be paid a $0.0866 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. Insurance Australia Group’s dividend 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.