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Insurance Australia Group Limited ( (AU:IAG) ) just unveiled an announcement.
IAG has acknowledged the Australian Competition and Consumer Commission’s (ACCC) release of a Statement of Issues concerning its proposed strategic alliance with the Royal Automobile Club of Western Australia (RAC). This alliance aims to offer general insurance products and services to RAC members and Western Australians. The ACCC’s Statement of Issues outlines preliminary views and is not a final decision, with a final announcement expected on 27 November. IAG is committed to collaborating with the ACCC and believes the alliance will enhance its service to Western Australians, leveraging its mutual heritage with RAC.
The most recent analyst rating on (AU:IAG) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Insurance Australia Group Limited stock, see the AU:IAG Stock Forecast page.
More about Insurance Australia Group Limited
Insurance Australia Group Limited (IAG) is a leading general insurance company operating in Australia and New Zealand. It underwrites over $17 billion in insurance premiums annually through various brands such as NRMA Insurance, RACV, CGU, and WFI in Australia, and NZI, State, AMI, and Lumley in New Zealand.
Average Trading Volume: 4,415,232
Technical Sentiment Signal: Buy
Current Market Cap: A$20.72B
For a thorough assessment of IAG stock, go to TipRanks’ Stock Analysis page.