Insurance Australia Group (IAUGY) to Post Earnings on Thursday

Insurance Australia Group (OTCMKTS:IAUGY) will likely be announcing its results before the market opens on Thursday, August 13th. Analysts expect Insurance Australia Group to post earnings of $0.8110 per share and revenue of $6.6698 billion for the quarter.

Insurance Australia Group Price Performance

Shares of OTCMKTS IAUGY opened at $27.75 on Tuesday. Insurance Australia Group has a 12 month low of $21.58 and a 12 month high of $30.71. The business has a fifty day simple moving average of $28.67 and a 200-day simple moving average of $26.71.

Analysts Set New Price Targets

Several analysts have issued reports on IAUGY shares. The Goldman Sachs Group upgraded Insurance Australia Group to a “buy” rating in a report on Wednesday, June 24th. Zacks Research upgraded shares of Insurance Australia Group to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Insurance Australia Group presently has a consensus rating of “Moderate Buy”.

About Insurance Australia Group

Insurance Australia Group (OTCMKTS:IAUGY) is a leading general insurance underwriter headquartered in Sydney, Australia. The company provides a broad range of personal and commercial insurance products, including home, motor, travel, business and liability coverage. IAG serves individual policyholders, small to mid-sized enterprises and large corporate clients through a diversified distribution network of brokers, direct sales, affinity partnerships and digital channels.

Formed in 2000 through the merger of several Australian and New Zealand insurers, IAG has since grown to become the largest general insurer in its home markets.