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

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

Insurance Australia Group Price Performance

Shares of OTCMKTS IAUGY traded up $0.41 during mid-day trading on Thursday, reaching $20.78. The company’s stock had a trading volume of 244 shares, compared to its average volume of 1,460. Insurance Australia Group has a 1-year low of $15.04 and a 1-year high of $21.33. The stock has a 50-day moving average of $19.92 and a two-hundred day moving average of $19.02.

Insurance Australia Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 11th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.1958 per share. This is an increase from Insurance Australia Group’s previous dividend of $0.09. The ex-dividend date is Friday, February 23rd. Insurance Australia Group’s payout ratio is currently 69.30%.

Insurance Australia Group Company Profile

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.