Insurance Australia Group (OTCMKTS:IAUGY) Trading Down 4.8% – What’s Next?

Shares of Insurance Australia Group Limited (OTCMKTS:IAUGYGet Free Report) dropped 4.8% during trading on Friday . The company traded as low as $23.15 and last traded at $23.15. Approximately 533 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 518 shares. The stock had previously closed at $24.31.

Insurance Australia Group Trading Down 4.8 %

The company has a fifty day moving average price of $24.75 and a 200 day moving average price of $25.28.

Insurance Australia Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Monday, February 24th were paid a dividend of $0.3772 per share. This is an increase from Insurance Australia Group’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 24th. Insurance Australia Group’s dividend payout ratio is presently 69.30%.

About Insurance Australia Group

(Get Free Report)

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.

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