Insurance Australia Group (OTCMKTS:IAUGY) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Insurance Australia Group (OTCMKTS:IAUGY – Get Rating) in a report issued on Tuesday morning, The Fly reports. The firm issued a neutral rating on the stock.

Separately, JPMorgan Chase & Co. upgraded Insurance Australia Group from a neutral rating to an overweight rating in a research report on Wednesday, January 11th.

Insurance Australia Group Trading Up 0.7 %

OTCMKTS:IAUGY opened at $17.64 on Tuesday. The stock has a fifty day moving average price of $16.06 and a 200 day moving average price of $15.59. Insurance Australia Group has a 12-month low of $13.79 and a 12-month high of $17.70.

About Insurance Australia Group

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Insurance Australia Group Ltd. engages in underwriting of general insurance and related corporate services. It operates through the following business divisions: Direct Insurance Australia, Intermediated Insurance Australia, New Zealand, and Corporate and Other. The Direct Insurance Australia division provides personal lines, some commercial lines, and general insurance products sold to customers under the NRMA, SGIO, SGIC, the RACV in Victoria, as well as the CGU and Poncho brands.