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

Insurance Australia Group Limited (OTCMKTS:IAUGY) shares fell 1.9% on Monday . The stock traded as low as $17.88 and last traded at $17.88. 530 shares traded hands 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 company has a fifty 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 issued a $0.0866 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. Insurance Australia Group’s dividend payout ratio (DPR) 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.