When was the best ever day on the IAG (ASX:IAG) share price chart?

Here we check in on some of the track history of IAG shares.

| More on:

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Businessman cheering at desk with arms in the air

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Insurance Australia Group Ltd (ASX: IAG) share price has edged higher in trade on Monday, closing at $4.94 apiece.

That's an 8.5% decrease in the last month for the insurance giant, on the back of a choppy year to date.

With this in mind, it's worthwhile checking the rearview mirror to see what have been the best periods of performance for the IAG share price.

What was the best day for IAG shares?

To check which day was the best for IAG's share price, we don't have to look back very far.

It was only in mid 2019 when IAG shares were changing hands at almost $9 a piece.

Alas, the best day for the IAG share price was on 25 July 2019, where it hit a high of $8.72, a whopping 76% premium to its current market price. However, it did hit an intraday high of $8.89 on 26 June 2018.

There was one period where IAG showed similar strengths, with its share price climbing to around the same level in July of 2018.

However, it wasn't strong enough to break past this barrier in both 2018 and 2019. Combined with the findings of IAG's misconduct from the Royal Commission into Banking and Finance, the IAG share price has plummeted to all-time lows as of this year.

This marks a difficult journey for long-term IAG shareholders, particularly those who've held since the company's initial public offering (IPO) around the year 2000.

Stepping back and looking at its share price chart over this time, there is a series of large price swings both up and down, with the IAG share price now hovering around its 2004 levels.

Depending on timing, however, it still may be a more suitable return for longer-term holders. For instance, if one bought in the lows of around $3 per share in 2012, this would still equal a sizeable 60%+ return in this time.

Nonetheless, IAG shares are well off their highs of almost $9 achieved back in 2018 and then once again in 2019, with their best day occurring in June 2019.

IAG share price snapshot

The picture doesn't change too much when honing in on a single-year view of the IAG share price.

After a period of high volatility, where its share price chart looks like a 9.0 earthquake Richter scale drawing, it has gained a paltry 43 cents per share in the last 12 months.

This is despite reaching highs of $5.45 three times on separate occasions this past year.

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Financial Shares

Woman and man calculating a dividend yield.
Financial Shares

Why did Macquarie just downgrade IAG shares to neutral?

The IAG share price is down this morning.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Mergers & Acquisitions

IAG share price lifts off on strategic alliance approval

IAG shares are racing higher in Thursday’s sinking market.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Financial Shares

Want a financial stock outside the big 4 banks? Macquarie tips 15% upside for this small cap financial

For those searching on the edges, this name could be worth a second look according to Macquarie.

Read more »

A man looking at his laptop and thinking.
Financial Shares

Are IAG shares a buy, hold, or sell following the RAC WA deal?

How does Goldman Sachs rate IAG shares after the $1.35B deal with The Royal Automobile Club?

Read more »

A female financial services professional with a manicured black afro hairstyle turns an ipad screen to show a client across the table a set of ASX shares figures in graph format.
Broker Notes

8 alternative ASX financial shares to buy instead of bank stocks: broker

Top broker Macquarie has put an outperform rating on scores of non-bank ASX financial shares.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Financial Shares

IAG share price charges higher on $1.35b deal and guidance update

This blue chip has made a big announcement. Here's what you need to know.

Read more »

A woman holds up hands to compare two things with question marks above her hands.
Financial Shares

Which is better value right now, Soul Patts or Brickworks shares?

Let's dive in and see what the experts have to say.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Financial Shares

How much upside does Macquarie tip for Pinnacle Investment Management shares?

Pinnacle could be a contender to continue rising, according to experts.

Read more »