Insurance Australia Group (IAUGY) to Release Quarterly Earnings on Thursday

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

Insurance Australia Group Price Performance

Shares of Insurance Australia Group stock opened at $27.75 on Wednesday. The firm has a 50 day simple moving average of $28.66 and a 200 day simple moving average of $26.72. Insurance Australia Group has a fifty-two week low of $21.58 and a fifty-two week high of $30.71.

Analysts Set New Price Targets

IAUGY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Insurance Australia Group to a “buy” rating in a research report on Wednesday, June 24th. Zacks Research upgraded Insurance Australia Group to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average 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.