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IAG Director Increases Stake with Share Acquisition

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IAG Director Increases Stake with Share Acquisition

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An announcement from Insurance Australia Group Limited ( (AU:IAG) ) is now available.

Insurance Australia Group Limited announced a change in the director’s interest notice, revealing that Wendy Thorpe has increased her indirect holdings in the company by acquiring 9,689 Fully Paid Ordinary Shares. This acquisition was executed through the exercise of Non-Executive Director Award Rights, reflecting a strategic move to strengthen her stake in the company. The change in holdings is indicative of confidence in the company’s future performance and could potentially influence stakeholder perceptions positively.

The most recent analyst rating on (AU:IAG) stock is a Buy with a A$9.75 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 operates in the insurance industry, offering a range of insurance products and services primarily focused on general insurance. The company serves various markets, providing coverage for personal, commercial, and corporate clients.

Average Trading Volume: 4,057,359

Technical Sentiment Signal: Buy

Current Market Cap: A$20.91B

See more data about IAG stock on TipRanks’ Stock Analysis page.

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