Insurance Australia Group Limited (OTCMKTS:IAUGY) Short Interest Update

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 0.1 days.

Insurance Australia Group Price Performance

Shares of Insurance Australia Group stock remained flat at $23.76 during trading on Friday. The company had a trading volume of 63 shares, compared to its average volume of 528. Insurance Australia Group has a twelve month low of $19.98 and a twelve month high of $29.39. The business’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $25.38.

Insurance Australia Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Investors of record on Monday, February 24th will be paid a dividend of $0.3772 per share. The ex-dividend date is Monday, February 24th. This is a boost from Insurance Australia Group’s previous dividend of $0.29. Insurance Australia Group’s payout ratio is 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.