Shares of Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $27.41, but opened at $28.80. Insurance Australia Group shares last traded at $28.80, with a volume of 1,007 shares.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded Insurance Australia Group to a “buy” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Insurance Australia Group
Insurance Australia Group Stock Performance
Insurance Australia Group Company Profile
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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