Insurance Australia Group Limited (OTCMKTS:IAUGY) Sees Significant Drop in Short Interest

Insurance Australia Group Limited (OTCMKTS:IAUGY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a drop of 50.0% from the February 13th total of 200 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 0.1 days.

Insurance Australia Group Trading Down 0.2 %

Shares of IAUGY stock traded down $0.05 on Friday, hitting $23.76. The company’s stock had a trading volume of 675 shares, compared to its average volume of 528. The stock’s 50 day moving average is $25.45 and its 200-day moving average is $25.37. Insurance Australia Group has a fifty-two week low of $19.98 and a fifty-two week high of $29.39.

Insurance Australia Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Monday, February 24th will be paid a $0.3772 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Insurance Australia Group’s previous dividend of $0.29. Insurance Australia Group’s payout ratio is 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.