Insurance Australia Group Ltd (ASX:IAG) insider Peter Harmer purchased 266,186 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of A$7.80 ($5.53) per share, with a total value of A$2,076,250.80 ($1,472,518.30).
The business’s 50-day moving average price is A$8.31 and its 200 day moving average price is A$7.88. The firm has a market cap of $17.93 billion and a P/E ratio of 17.40. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.84 and a quick ratio of 0.40. Insurance Australia Group Ltd has a 1-year low of A$6.53 ($4.63) and a 1-year high of A$8.74 ($6.20).
The company also recently declared a Final dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a dividend yield of 2.6%. Insurance Australia Group’s dividend payout ratio is currently 71.75%.
About Insurance Australia Group
Insurance Australia Group Limited underwrites general insurance products. The company operates through Australia, New Zealand, and Corporate and Other segments. It offers consumer insurance products, such as motor vehicle, home and contents, lifestyle and leisure, and compulsory third party, as well as travel insurance, life insurance, and income protection products; and business insurance products, including business package, farm and crop, commercial property, construction and engineering, commercial and fleet motor, marine, workers' compensation, professional indemnity, directors' and officers', and public and products liability.
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