Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 96.2% from the February 29th total of 2,600 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is currently 0.1 days.
Insurance Australia Group Stock Down 0.7 %
Shares of OTCMKTS IAUGY traded down $0.15 during mid-day trading on Friday, hitting $20.63. The stock had a trading volume of 1,580 shares, compared to its average volume of 1,462. The business has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $19.03. Insurance Australia Group has a 1 year low of $15.28 and a 1 year high of $21.33.
Insurance Australia Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, April 11th. Shareholders of record on Monday, February 26th will be given a dividend of $0.1958 per share. This is an increase from Insurance Australia Group’s previous dividend of $0.09. The ex-dividend date is Friday, February 23rd. Insurance Australia Group’s payout ratio is presently 69.30%.
About Insurance Australia Group
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.
Featured Stories
- Five stocks we like better than Insurance Australia Group
- What is Forex and How Does it Work?
- 3 Value Stocks Too Small For Buffett’s Portfolio
- The Role Economic Reports Play in a Successful Investment Strategy
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is a Dividend King?
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Insurance Australia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insurance Australia Group and related companies with MarketBeat.com's FREE daily email newsletter.
