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

Insurance Australia Group Limited (OTCMKTS:IAUGY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 96.2% from the February 29th total of 2,600 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 0.1 days.

Insurance Australia Group Stock Up 2.0 %

Shares of IAUGY stock traded up $0.41 on Thursday, hitting $20.78. 244 shares of the stock were exchanged, compared to its average volume of 1,460. Insurance Australia Group has a one year low of $15.04 and a one year high of $21.33. The firm’s 50 day moving average is $19.92 and its two-hundred day moving average is $19.02.

Insurance Australia Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 11th. Stockholders of record on Monday, February 26th will be issued a $0.1958 dividend. This is a positive change from Insurance Australia Group’s previous dividend of $0.09. The ex-dividend date of this dividend is Friday, February 23rd. Insurance Australia Group’s dividend payout ratio (DPR) is presently 69.30%.

About Insurance Australia Group

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.