Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Insurance Australia Group Limited ( (AU:IAG) ) has shared an update.
Insurance Australia Group Limited has announced the redemption of its $450 million Subordinated Medium Term Notes (MTNs) due on 15 June 2045. The redemption will occur on 16 June 2025, as part of the company’s wholesale debt issuance program. This move reflects IAG’s strategic financial management and may impact its capital structure, but it does not indicate future redemptions of other regulatory capital instruments.
The most recent analyst rating on (AU:IAG) stock is a Hold with a A$6.60 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 provider operating in Australia and New Zealand. The company underwrites over $16 billion in insurance premiums annually through well-known brands such as NRMA Insurance, RACV, CGU, WFI in Australia, and NZI, State, AMI, and Lumley in New Zealand.
YTD Price Performance: 3.89%
Average Trading Volume: 5,339,549
Technical Sentiment Signal: Buy
Current Market Cap: A$20.46B
For detailed information about IAG stock, go to TipRanks’ Stock Analysis page.