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

Insurance Australia Group Limited (OTCMKTS:IAUGY) saw a significant decline in short interest in 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 stock had a trading volume of 63 shares, compared to its average volume of 528. The business’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $25.38. Insurance Australia Group has a 12 month low of $19.98 and a 12 month high of $29.39.

Insurance Australia Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, February 24th will be issued a $0.3772 dividend. This is a positive change from Insurance Australia Group’s previous dividend of $0.29. The ex-dividend date of this dividend is Monday, February 24th. Insurance Australia Group’s payout ratio is 69.30%.

Insurance Australia Group Company Profile

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.