Insurance Australia Group (OTCMKTS:IAUGY) Upgraded at Zacks Research

Insurance Australia Group (OTCMKTS:IAUGY) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Insurance Australia Group Price Performance

Shares of Insurance Australia Group stock opened at $27.89 on Tuesday. The stock has a 50 day moving average of $25.77 and a 200 day moving average of $25.71. Insurance Australia Group has a 12 month low of $21.58 and a 12 month high of $29.28.

Insurance Australia Group Company Profile

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.