Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $28.92 and traded as high as $30.41. Insurance Australia Group shares last traded at $30.41, with a volume of 310 shares changing hands.
Insurance Australia Group Price Performance
The firm’s 50-day moving average is $28.92 and its 200 day moving average is $27.37.
About Insurance Australia Group
Insurance Australia Group Limited (IAG) is a general insurance group serving customers in Australia and New Zealand. It provides personal and commercial insurance through a mix of direct sales, brokers and other distribution partners.
Its products include home, motor and business insurance, along with specialist cover for areas such as farms and commercial properties. IAG operates under a range of established brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI in Australia, and NZI, AMI and State in New Zealand.
The group traces its origins to NRMA Insurance Group, which was established as a listed company in 2000 and adopted the Insurance Australia Group name in 2002.
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