Shares of Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) were up 11.2% on Tuesday . The stock traded as high as $29.5050 and last traded at $29.5050. 310 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 958 shares. The stock had previously closed at $26.54.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded shares of Insurance Australia Group to a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
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Insurance Australia Group Stock Performance
About Insurance Australia Group
Insurance Australia Group Limited (OTCMKTS:IAUGY) is a general insurance company operating primarily in Australia and New Zealand. The company provides insurance products for individuals, businesses and organizations, with coverage spanning motor vehicles, homes, property, travel, liability and other commercial risks.
IAG sells insurance through a portfolio of brands and distribution channels, including direct-to-customer operations, brokers, financial institutions and strategic partners.
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