The stock of Insurance Australia Group Ltd (ASX:IAG) is a huge mover today! The stock increased 2.07% or $0.11 on November 18, hitting $5.43. About 6.72 million shares traded hands or 23.76% up from the average. Insurance Australia Group Ltd (ASX:IAG) has declined 6.22% since April 22, 2016 and is downtrending. It has underperformed by 10.65% the S&P500.
The move comes after 7 months positive chart setup for the $12.55 billion company. It was reported on Nov, 18 by Barchart.com. We have $8.53 PT which if reached, will make ASX:IAG worth $7.15 billion more.
More notable recent Insurance Australia Group Ltd (ASX:IAG) news were published by: Fool.com.Au which released: “Is Insurance Australia Group Ltd a buy after its recent buyback?” on October 10, 2016, also Fool.com.Au with their article: “Is it time to buy Insurance Australia Group Ltd for its 5% dividend?” published on September 13, 2016, Fool.com.Au published: “Why I’m bullish about Insurance Australia Group Ltd’s dividend prospects” on September 06, 2016. More interesting news about Insurance Australia Group Ltd (ASX:IAG) were released by: Fool.com.Au and their article: “Insurance Australia Group Ltd reports: Should you buy for its 5.6% dividend?” published on August 19, 2016 as well as Fool.com.Au‘s news article titled: “Is it time you sold your Insurance Australia Group Ltd shares?” with publication date: April 08, 2016.
Insurance Australia Group Limited is engaged in the underwriting of general insurance and related corporate services and investing activities. The company has a market cap of $12.55 billion. The Company’s divisions include Consumer division , which provides general insurance products to individuals and families throughout Australia; Business division (Australia), which provides commercial insurance to businesses of all sizes throughout Australia under CGU, WFI and Swann Insurance brands; New Zealand, which provides general insurance business underwritten in New Zealand; Asia, which provides direct and intermediated insurance business underwritten through subsidiaries in Thailand, Vietnam and Indonesia, and Corporate and other, which comprises other activities, including corporate services, capital management activity and others. It has a 21.55 P/E ratio. The consumer insurance products are sold under the brands, including NRMA Insurance, SGIO, SGIC and CGU.
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