Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $30.71, but opened at $26.75. Insurance Australia Group shares last traded at $26.75, with a volume of 179 shares changing hands.
Analysts Set New Price Targets
IAUGY has been the topic of a number of research reports. The Goldman Sachs Group upgraded Insurance Australia Group to a “buy” rating in a research report on Wednesday. Zacks Research upgraded 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on IAUGY
Insurance Australia Group Stock Down 5.4%
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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