Shares of Insurance Australia Group Limited (OTCMKTS:IAUGY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $27.41, but opened at $28.80. Insurance Australia Group shares last traded at $28.80, with a volume of 1,007 shares.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised shares of Insurance Australia Group to a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Insurance Australia Group currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on IAUGY
Insurance Australia Group Price Performance
About Insurance Australia Group
Insurance Australia Group Limited (OTCMKTS:IAUGY) is a general insurance company operating primarily in Australia and New Zealand. The company provides insurance products for individuals, businesses and organizations, with coverage spanning motor vehicles, homes, property, travel, liability and other commercial risks.
IAG sells insurance through a portfolio of brands and distribution channels, including direct-to-customer operations, brokers, financial institutions and strategic partners.
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