Insurance Australia Group (OTCMKTS:IAUGY) Shares Up 0.4% – Still a Buy?

Insurance Australia Group Limited (OTCMKTS:IAUGY)’s share price rose 0.4% during mid-day trading on Monday . The stock traded as high as $24.05 and last traded at $24.05. Approximately 100 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 965 shares. The stock had previously closed at $23.96.

Insurance Australia Group Stock Up 0.4 %

The company’s fifty day moving average is $24.71 and its 200-day moving average is $23.05.

Insurance Australia Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 3rd were issued a $0.2866 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Insurance Australia Group’s previous dividend of $0.20. Insurance Australia Group’s dividend payout ratio (DPR) 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.