Insurance Australia Group Limited (OTCMKTS:IAUGY) Short Interest Up 100.0% in February

Insurance Australia Group Limited (OTCMKTS:IAUGY) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 200 shares, an increase of 100.0% from the January 31st total of 100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 0.3 days.

Insurance Australia Group Trading Down 6.2 %

Shares of IAUGY traded down $1.53 during midday trading on Friday, reaching $23.23. 395 shares of the company were exchanged, compared to its average volume of 511. The stock has a 50-day moving average price of $25.99 and a 200-day moving average price of $25.40. Insurance Australia Group has a 1-year low of $19.53 and a 1-year high of $29.39.

Insurance Australia Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, February 24th will be paid a dividend of $0.3772 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Insurance Australia Group’s previous dividend of $0.29. 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.