Shares of Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) traded down 8.5% during mid-day trading on Wednesday . The company traded as low as $25.21 and last traded at $25.21. 351 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 721 shares. The stock had previously closed at $27.55.
Insurance Australia Group Price Performance
The company has a 50-day moving average price of $26.29 and a 200 day moving average price of $26.70.
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.
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