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Insurance Australia Group Limited ( (AU:IAG) ) has issued an announcement.
Insurance Australia Group Limited has notified the market of the lapse of 100,470 performance rights and 20,800 award rights, which were conditional equity-based securities that have ceased because their vesting conditions were not met or became incapable of being satisfied. The cessation of these rights, recorded in an Appendix 3H filing, represents an adjustment to IAG’s issued capital and indicates that certain performance or service hurdles tied to executive and employee incentives were not achieved, with implications for the company’s equity-based remuneration structure but no immediate operational impact disclosed.
The most recent analyst rating on (AU:IAG) stock is a Hold with a A$8.45 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 major general insurance company listed on the ASX, providing a range of insurance products and services across personal and commercial lines. Operating under multiple brands, it focuses on underwriting risk and managing insurance portfolios in Australia and New Zealand, serving both retail customers and business clients.
Average Trading Volume: 5,011,453
Technical Sentiment Signal: Buy
Current Market Cap: A$18.28B
For detailed information about IAG stock, go to TipRanks’ Stock Analysis page.