IAG Shares Down 16%, Can We Expect Support To Step In?
IAG shares (ASX: IAG) have made a sharp pullback since the latest performance update, down 16.33% over the past 5 trading sessions. The share price has found technical support and resistance in the $7.40 region in the past, and hit a low of $7.42 in today’s session before ending the day at $7.53. Whether the…
IAG’s Shares Delivering Strongly in 2024
Insurance Australia Group (ASX:IAG) has experienced an 39% uptick in stock price through the year so far, signalling a positive trend for the insurance giant. With such a significant increase, investors are closely examining the fundamentals to understand the drivers behind this momentum, but it is clear to see the reversal over the 5 year…
Insurance Australia’s (ASX:IAG) Shares Leap on Reinsurance Protection
Insurance Australia Group (ASX: IAG) share price soared by 7.2% today following the news that the company has secured reinsurance protection through deals with a subsidiary of Berkshire Hathaway and Canada Life Reinsurance. This uptick propelled IAG to the forefront as the top performer in the benchmark ASX 200 index. The reinsurance agreements are significant,…
Insurance Australia Group (ASX: IAG)
Company Information About Insurance Australia Group (ASX: IAG) Insurance Australia Group Limited (IAG) is a major general insurance company operating primarily in Australia and New Zealand. The firm underwrites insurance risks and manages investments. IAG is structured into three key segments: Direct Insurance Australia, Intermediated Insurance Australia, and New Zealand. The Direct Insurance…
IAG Shares (ASX:IAG) Dip As Firm Is Hit with Class Action Lawsuit
Insurance Australia Group (IAG), one of the leading insurance companies, is facing a significant class action lawsuit filed by Slater and Gordon lawyers. The legal action has been initiated over allegations that the insurer engaged in misleading, deceptive, and unconscionable conduct. IAG shares (ASX:IAG) dropped 3.12% today as the stock price descends from the 52…
IAG shares drop 1.09% today – Share Buyback Notification
Insurance Australia Group shares (ASX: IAG) ended today 1.09% in the red, coming off 52 week highs in yesterdays trading session. With a YTD performance on the share price up 14.95%, against the ASX 200 +2.48%, IAG is outperforming the index but how much shareholder value is being created by the share buy-back program? IAG…
Insurance Australia Group’s Vigorous Stock Performance Amidst Modest Fundamentals
Investors in Insurance Australia Group Limited (ASX: IAG) have witnessed an encouraging stock performance with shares climbing 8.9% over the past three months. Amid this upward trend, analytical minds are considering whether IAG’s stock movements are rooted in solid financial fundamentals or if they stem from other market forces. For stakeholders, return on equity (ROE)…
Can Insurance Australia Group (ASX: IAG) Sustain its Momentum
IAG has been plagued by losses from claims, both home and auto, from weather-related disasters over the past 15 years. Premium hikes to combat losses and inflation have boosted the company’s financials in the recent past. The company posted a loss following COVID but has returned to profitability, although profit lags pre-COVID levels by a…
