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Analysts at JPMorgan Chase & Co. decreased their price objective on shares of Insurance Australia Group Limited (ASX:IAG) from $5.80 to $5.60 in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports.

Shares of Insurance Australia Group Limited (ASX:IAG) traded down 0.86% on Friday, hitting A$5.790. 4,578,642 shares of the company’s stock traded hands. Insurance Australia Group Limited has a 1-year low of A$3.210 and a 1-year high of A$6.080. The stock’s 50-day moving average is A$5.74 and its 200-day moving average is A$5.23. The company has a market cap of A$11.959 billion and a price-to-earnings ratio of 16.04.

Insurance Australia Group Limited is engaged in underwriting of general insurance and related corporate services and investing activities.

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