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Why these brokers are telling you to buy the crashing IAG share price today – Motley Fool Australia
The Insurance Australia Group Ltd (ASX: IAG) tanked for a second day, but bargain hunters might soon swoop on the embattled ASX 200 stock.
The Insurance Australia Group Ltd(ASX: IAG) tanked for a second day, but bargain hunters might soon swoop as a number of top brokers highlighted the stock as a value buy.
Shares in the insurer tumbled 4.2% in after lunch trade to a five year low of $5.09 when the S&P/ASX 200 Index (Index:^AXJO) inched up 0.1%.
Today’s loss comes after the IAG share price crashed around 8% yesterday on the back of a disappointing profit update.
Management warned that it suffered a pre-tax loss on investmen…
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