A$7.71
IAG is an insurance - property & casualty business based in Australia. IAG shares (IAG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. IAG has a trailing 12-month revenue of around $16 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in IAG
To buy shares listed in Australia such as IAG, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
-
Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
-
Search for IAG. Find the share by name or ticker symbol: IAG. Research its history to confirm it's a solid investment against your financial goals.
-
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until IAG reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
-
Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
-
Check on your investment. Congratulations, you own a part of IAG. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
Our top pick for
Best for day trading
![Webull image](https://www.finder.com.au/niche-builder/63aa91c33eb20.jpg)
Our top pick for
Education & learning
![eToro image](https://www.finder.com.au/niche-builder/5de71665e5672.png)
Our top pick for
Low commission
![Moomoo Share Trading image](https://www.finder.com.au/niche-builder/65fcda56859d2.png)
IAG stock price (ASX:IAG)
Use our graph to track the performance of IAG stocks over time.IAG shares at a glance
52-week range | $5.1922 - $7.555 |
---|---|
50-day moving average | $7.155 |
200-day moving average | $6.4102 |
Target price | $7.22 |
PE ratio | 20.9722 |
Dividend yield | $0.27 (4.5%) |
Earnings per share (TTM) | $0.36 |
Where to buy IAG shares
Is it a good time to buy IAG stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
IAG price performance over time
Historical closes compared with the last close of A$7.7
1 week (2024-08-30) | 1.99% |
---|---|
1 month (2024-08-06) | 10.79% |
3 months (2024-06-06) | 18.83% |
6 months (2024-03-06) | 23.79% |
1 year (2023-09-06) | 32.99% |
---|---|
2 years (2022-09-06) | 65.95% |
3 years (2021-09-06) | 41.28% |
5 years (2019-09-06) | -5.87% |
Is IAG under- or over-valued?
Valuing IAG stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of IAG's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
IAG's P/E ratio
IAG's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, IAG shares trade at around 21x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
IAG's EBITDA
IAG's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.7 billion (£0.0 million).
The EBITDA is a measure of a IAG's overall financial performance and is widely used to measure stock profitability.
IAG financials
Revenue TTM | $16 billion |
---|---|
Operating margin TTM | 11.52% |
Gross profit TTM | $362 million |
Return on assets TTM | 4.13% |
Return on equity TTM | 14.58% |
Profit margin | 5.61% |
Book value | 2.813 |
Market capitalisation | $17.9 billion |
TTM: trailing 12 months
IAG's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like IAG.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
IAG's total ESG risk score
Total ESG risk: 21.49
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and IAG's overall score of 21.49 (as at 12/31/2018) is pretty good – landing it in it in the 28th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like IAG is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
IAG's environmental score
Environmental score: 2.97/100
IAG's environmental score of 2.97 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that IAG is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
IAG's social score
Social score: 11.75/100
IAG's social score of 11.75 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that IAG is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
IAG's governance score
Governance score: 11.77/100
IAG's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that IAG is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
IAG's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. IAG scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that IAG has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Insurance Australia Group Ltd was last rated for ESG on: 2019-01-01.
Total ESG score | 21.49 |
---|---|
Total ESG percentile | 28.22 |
Environmental score | 2.97 |
Environmental score percentile | 5 |
Social score | 11.75 |
Social score percentile | 5 |
Governance score | 11.77 |
Governance score percentile | 5 |
Level of controversy | 2 |
IAG share dividends
Dividend payout ratio: 52.43% of net profits
Recently IAG has paid out, on average, around 52.43% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.5% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), IAG shareholders could enjoy a 4.5% return on their shares, in the form of dividend payments. In IAG's case, that would currently equate to about A$0.27 per share.
IAG's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 August 2024 (the "ex-dividend date").
Have IAG's shares ever split?
IAG's shares were split on a 0.976:1 basis on 30 October 2018. So if you had owned 1 share the day before the split, the next day you would own 0.976 shares. This wouldn't directly have changed the overall worth of your IAG shares – just the quantity. However, indirectly, the new 2.5% higher share price could have impacted the market appetite for IAG shares which in turn could have impacted IAG's share price.
IAG share price volatility
Over the last 12 months, IAG's shares have ranged in value from as little as $5.1922 up to $7.555. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while IAG's is 0.168. This would suggest that IAG's shares are less volatile than average (for this exchange).
IAG overview
Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. It offers cars, motorcycles, dirt bike, homes, businesses, travel, boats, caravans, landlord, farm, business, trade, strata and investment property requirements, rural and personal, construction and engineering, compulsory third party, directors and officers, professional indemnity, workers' compensation, marine, liability, homeowners warranty, casualty insurance products, as well as reinsurance. The company sells its products through branches and agencies, call centers, online, insurance brokers, authorized representatives, motor dealerships, and financial institutions; and third parties under the NRMA Insurance, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, and Lumley Insurance brands. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1920 and is based in Sydney, Australia.
IAG in the news
Insurance Australia Group Limited's (ASX:IAG) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?
Insurance Australia Group Ltd's Dividend Analysis
If EPS Growth Is Important To You, Insurance Australia Group (ASX:IAG) Presents An Opportunity
Frequently asked questions
More guides on Finder
-
The best day trading platforms in Australia
The best day trading platforms in Australia offer low fees and are packed full of features essential for algorithmic trading.
-
What are the best CHESS-sponsored brokers?
CHESS sponsorship allows you to directly own ASX listed shares in your own name, but it comes with some drawbacks. Find out if it's right for you.
-
How to invest in Nasdaq from Australia
Find out how you can invest in Nasdaq and compare a range of leading brokers that let you invest in US stocks cheaply and quickly.
-
How to invest in index funds in Australia
Index funds are a hot topic right now, but how do you actually invest in them?
-
How to invest in gold in Australia in 2024
If you’re thinking of investing in gold, our guide will explain how and where to buy gold in Australia as well as the pros and cons of investing in it.
-
The cheapest stock brokers in Australia (Sep 2024)
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
-
Compare investment accounts in Australia
Looking to build your wealth? A guide on the investment accounts available in Australia.
-
Best investment and stock trading apps in Australia (2024)
Compare share trading apps to find out which app has all the tools and resources you need to reach your investment goals.
-
How to buy US stocks from Australia in 2024
Learn how to find the cheapest brokerage fees and a range of flexible trading features when you buy and sell US shares.
-
14 best share trading platforms Australia – ranked
Follow these tips to find the best share trading platform for you.
Ask a question