Peter Harmer Purchases 42,993 Shares of Insurance Australia Group Ltd (ASX:IAG) Stock
Insurance Australia Group Ltd (ASX:IAG) insider Peter Harmer bought 42,993 shares of Insurance Australia Group stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of A$8.01 ($5.68) per share, for a total transaction of A$344,158.97 ($244,084.37).
Peter Harmer also recently made the following trade(s):
- On Tuesday, August 20th, Peter Harmer bought 266,186 shares of Insurance Australia Group stock. The shares were bought at an average price of A$7.80 ($5.53) per share, for a total transaction of A$2,076,250.80 ($1,472,518.30).
IAG traded down A$0.04 ($0.03) during midday trading on Friday, reaching A$8.04 ($5.70). 4,151,571 shares of the company were exchanged, compared to its average volume of 6,770,000. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.40 and a current ratio of 0.84. Insurance Australia Group Ltd has a one year low of A$6.53 ($4.63) and a one year high of A$8.74 ($6.20). The stock has a market capitalization of $18.74 billion and a P/E ratio of 18.03. The stock’s 50-day simple moving average is A$8.21 and its 200 day simple moving average is A$7.92.
About Insurance Australia Group
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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