Latest news with #InsuranceAustraliaGroupLimited
Business Insider
25-05-2025
- Business
- Business Insider
Analysts Have Conflicting Sentiments on These Financial Companies: Insurance Australia Group Limited (OtherIAUGF) and Bendigo & Adelaide Bank (OtherBXRBF)
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Insurance Australia Group Limited (IAUGF – Research Report) and Bendigo & Adelaide Bank (BXRBF – Research Report). Confident Investing Starts Here: Insurance Australia Group Limited (IAUGF) In a report issued on May 23, Simon Fitzgerald from Jefferies maintained a Buy rating on Insurance Australia Group Limited, with a price target of A$9.80. The company's shares closed last Friday at $5.42, close to its 52-week high of $5.60. According to Fitzgerald is ranked #3433 out of 9562 analysts. Insurance Australia Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.77, a 6.4% upside from current levels. In a report issued on May 15, J.P. Morgan also maintained a Buy rating on the stock with a A$8.90 price target. Jefferies analyst Andrew Lyons maintained a Sell rating on Bendigo & Adelaide Bank on May 23 and set a price target of A$8.93. The company's shares closed last Tuesday at $6.55.
Business Insider
20-05-2025
- Business
- Business Insider
Goldman Sachs Remains a Hold on Insurance Australia Group Limited (IAUGF)
Goldman Sachs analyst Julian Braganza maintained a Hold rating on Insurance Australia Group Limited (IAUGF – Research Report) on May 16 and set a price target of A$8.30. The company's shares closed last Friday at $5.42. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Braganza is a 4-star analyst with an average return of 11.5% and a 71.93% success rate. Braganza covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Insurance Australia Group Limited, and Suncorp Group. Currently, the analyst consensus on Insurance Australia Group Limited is a Moderate Buy with an average price target of $5.68, which is a 4.76% upside from current levels. In a report released today, UBS also downgraded the stock to a Hold with a A$9.30 price target. The company has a one-year high of $6.17 and a one-year low of $3.94. Currently, Insurance Australia Group Limited has an average volume of 1,975.
Business Insider
19-05-2025
- Business
- Business Insider
Analysts Offer Insights on Financial Companies: Morgan Stanley (MS) and Insurance Australia Group Limited (OtherIAUGF)
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Morgan Stanley (MS – Research Report) and Insurance Australia Group Limited (IAUGF – Research Report). Confident Investing Starts Here: Morgan Stanley (MS) In a report released yesterday, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Morgan Stanley, with a price target of $143.00. The company's shares closed last Friday at $132.18. According to Poonawala is a 5-star analyst with an average return of 11.8% and a 67.2% success rate. Poonawala covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Canadian Bank of Commerce, and National Bank of Canada. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $133.25 average price target, implying a 0.7% upside from current levels. In a report issued on May 7, DBS also maintained a Buy rating on the stock with a $150.00 price target. Insurance Australia Group Limited received a Hold rating and a A$9.30 price target from UBS analyst Kieren Chidgey today. The company's shares closed last Friday at $5.42, close to its 52-week high of $5.60. According to Chidgey is a 2-star analyst with an average return of -1.2% and a 50.0% success rate. Chidgey covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Computershare Limited, and Medibank Private. Insurance Australia Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.58, a 2.9% upside from current levels. In a report issued on May 6, Morgan Stanley also maintained a Hold rating on the stock with a A$7.85 price target.
Business Insider
06-05-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Hold Rating on Insurance Australia Group Limited (IAUGF)
Morgan Stanley analyst Andrei Stadnik maintained a Hold rating on Insurance Australia Group Limited (IAUGF – Research Report) today and set a price target of A$7.85. The company's shares closed last Thursday at $5.09. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, QBE Insurance Group Limited, and AMP . According to TipRanks, Stadnik has an average return of 7.1% and a 54.42% success rate on recommended stocks. Currently, the analyst consensus on Insurance Australia Group Limited is a Moderate Buy with an average price target of $5.52. IAUGF market cap is currently $12.67B and has a P/E ratio of 14.43.
Yahoo
27-04-2025
- Business
- Yahoo
Institutions own 33% of Insurance Australia Group Limited (ASX:IAG) shares but individual investors control 60% of the company
The considerable ownership by individual investors in Insurance Australia Group indicates that they collectively have a greater say in management and business strategy 37% of the business is held by the top 25 shareholders Institutions own 33% of Insurance Australia Group Our free stock report includes 2 warning signs investors should be aware of before investing in Insurance Australia Group. Read for free now. To get a sense of who is truly in control of Insurance Australia Group Limited (ASX:IAG), it is important to understand the ownership structure of the business. With 60% stake, individual investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, institutions make up 33% of the company's shareholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. In the chart below, we zoom in on the different ownership groups of Insurance Australia Group. See our latest analysis for Insurance Australia Group Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Insurance Australia Group does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Insurance Australia Group's historic earnings and revenue below, but keep in mind there's always more to the story. Insurance Australia Group is not owned by hedge funds. Our data shows that State Street Global Advisors, Inc. is the largest shareholder with 7.9% of shares outstanding. The second and third largest shareholders are The Vanguard Group, Inc. and BlackRock, Inc., with an equal amount of shares to their name at 6.0%. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our data suggests that insiders own under 1% of Insurance Australia Group Limited in their own names. But they may have an indirect interest through a corporate structure that we haven't picked up on. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own AU$16m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. The general public -- including retail investors -- own 60% of Insurance Australia Group. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. It seems that Private Companies own 3.2%, of the Insurance Australia Group stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It appears to us that public companies own 4.1% of Insurance Australia Group. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Insurance Australia Group is showing 2 warning signs in our investment analysis , and 1 of those is significant... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
