Insurance Australia Group (ASX:IAG) Shares Pass Above 50-Day Moving Average of $7.88

Shares of Insurance Australia Group Ltd (ASX:IAG) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.88 and traded as high as $7.94. Insurance Australia Group shares last traded at $7.88, with a volume of 3,661,950 shares traded.

The company has a fifty day simple moving average of A$7.89 and a two-hundred day simple moving average of A$8.00. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.40 and a current ratio of 0.84. The company has a market capitalization of $17.68 billion and a price-to-earnings ratio of 17.15.

In related news, insider Harmer Peter acquired 180,659 shares of Insurance Australia Group stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of A$7.95 ($5.63) per share, with a total value of A$1,435,335.76 ($1,017,968.62).

About Insurance Australia Group (ASX:IAG)

Insurance Australia Group Limited underwrites general insurance products. The company operates through Australia, New Zealand, and Corporate and Other segments. It offers consumer insurance products, such as motor vehicle, home and contents, lifestyle and leisure, and compulsory third party, as well as travel insurance, life insurance, and income protection products; and business insurance products, including business package, farm and crop, commercial property, construction and engineering, commercial and fleet motor, marine, workers' compensation, professional indemnity, directors' and officers', and public and products liability.

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