Latest news with #OUTsurance
Yahoo
31-05-2025
- Business
- Yahoo
Broker Revenue Forecasts For OUTsurance Group Limited (JSE:OUT) Are Surging Higher
OUTsurance Group Limited (JSE:OUT) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that OUTsurance Group will make substantially more sales than they'd previously expected. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following this upgrade, OUTsurance Group's four analysts are forecasting 2025 revenues to be R36b, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing R30b of revenue in 2025. The consensus has definitely become more optimistic, showing a very substantial lift in revenue forecasts. Check out our latest analysis for OUTsurance Group There was no particular change to the consensus price target of R75.23, with OUTsurance Group's latest outlook seemingly not enough to result in a change of valuation. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 0.8% annualised revenue decline to the end of 2025. That is a notable change from historical growth of 18% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 40% annually for the foreseeable future. The forecasts do look comparatively optimistic for OUTsurance Group, since they're expecting it to shrink slower than the industry. The highlight for us was that analysts increased their revenue forecasts for OUTsurance Group this year. They're also forecasting for revenues to perform better than companies in the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at OUTsurance Group. Hungry for more information? We have analyst estimates for OUTsurance Group going out to 2027, and you can see them free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
27-05-2025
- Business
- Associated Press
OUTsurance, One Year Since Launch, To Hire 100 People As Part Of 2025 Expansion
Dublin, Ireland--(Newsfile Corp. - May 27, 2025) - OUTsurance Ireland is marking 1 year since it launched in the Irish market with the announcement that it will continue its expansion and hire 100 people over the next year. These sales, customer service, and claims management positions are being created in response to overwhelming consumer demand and interest. Having attracted thousands of customers since launching its car and home insurance offer in April of last year, OUTsurance has proven a popular choice with Irish consumers looking to get something back from their insurance. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: The first personal lines insurance underwriter to launch in Ireland in over a decade, OUTsurance has gained traction through its customer-first approach and solving existing pain points in car and home insurance. An emphasis on value means those switching to OUTsurance have saved an average of €97 on their car insurance. Meanwhile, its customer service has proven to be another key factor in the company's success, with over 90% of calls from the Irish public being answered within 20 seconds by a member of the OUTsurance team. This has seen the company rise to be the highest-ranked insurer in Ireland on Trustpilot. OUTsurance's entry to the Irish market aimed to drive competition for consumers and disrupt the market's status quo. The company currently offers car insurance and home insurance, along with its innovative stand out proposition the 'OUTbonus', where Irish customers can get 10% of their premiums (less taxes and levies) back in cash straight into their bank account when they stay claim-free for 3 years. OUTsurance Ireland CEO Peter Broome said, " We have been thrilled by the reception we've received since launching one year ago, having hit our business targets for our first year. It is on foot of this growth that we continue our expansion by hiring 100 people over the next year to meet overwhelming customer demand. 'I feel strongly that our success is based not only on our great value proposition, but also the customer-first approach and human interaction which is central to the OUTsurance experience. You'll speak to a person - not a bot - when you call us atOUTsuranceand we have a strong record of answering more than 90% of calls within 20 seconds. 'The Irish public are savvy consumers, wanting as much choice as possible when it comes to spending their hard-earned cash, and this has been reflected in the level of engagement with our team and services. 'Our growing team delivers a great service when people need us. For example, we are approving windscreen claims in 24 hours . On average, customers that have switched to OUTsurance are saving €97 on theircar insurance. Our goal is to deliver long-term value to our customers, and we remain on course to do that for many years to come.' Applications for the new roles are already open, with the entry-level positions requiring no previous experience or specific qualifications, and training being provided to all successful candidates. For further information about the roles available, visit Media Contact Company Name: OUTsurance Ireland Contact Person: Ian Kennedy Contact Number: +35 3151 26200 Website: To view the source version of this press release, please visit
Yahoo
27-05-2025
- Business
- Yahoo
OUTsurance, One Year Since Launch, To Hire 100 People As Part Of 2025 Expansion
Dublin, Ireland--(Newsfile Corp. - May 27, 2025) - OUTsurance Ireland is marking 1 year since it launched in the Irish market with the announcement that it will continue its expansion and hire 100 people over the next year. These sales, customer service, and claims management positions are being created in response to overwhelming consumer demand and interest. Having attracted thousands of customers since launching its car and home insurance offer in April of last year, OUTsurance has proven a popular choice with Irish consumers looking to get something back from their insurance. To view an enhanced version of this graphic, please visit: The first personal lines insurance underwriter to launch in Ireland in over a decade, OUTsurance has gained traction through its customer-first approach and solving existing pain points in car and home insurance. An emphasis on value means those switching to OUTsurance have saved an average of €97 on their car insurance. Meanwhile, its customer service has proven to be another key factor in the company's success, with over 90% of calls from the Irish public being answered within 20 seconds by a member of the OUTsurance team. This has seen the company rise to be the highest-ranked insurer in Ireland on Trustpilot. OUTsurance's entry to the Irish market aimed to drive competition for consumers and disrupt the market's status quo. The company currently offers car insurance and home insurance, along with its innovative stand out proposition the 'OUTbonus', where Irish customers can get 10% of their premiums (less taxes and levies) back in cash straight into their bank account when they stay claim-free for 3 years. OUTsurance Ireland CEO Peter Broome said, "We have been thrilled by the reception we've received since launching one year ago, having hit our business targets for our first year. It is on foot of this growth that we continue our expansion by hiring 100 people over the next year to meet overwhelming customer demand. "I feel strongly that our success is based not only on our great value proposition, but also the customer-first approach and human interaction which is central to the OUTsurance experience. You'll speak to a person - not a bot - when you call us at OUTsurance and we have a strong record of answering more than 90% of calls within 20 seconds. "The Irish public are savvy consumers, wanting as much choice as possible when it comes to spending their hard-earned cash, and this has been reflected in the level of engagement with our team and services. "Our growing team delivers a great service when people need us. For example, we are approving windscreen claims in 24 hours . On average, customers that have switched to OUTsurance are saving €97 on their car insurance. Our goal is to deliver long-term value to our customers, and we remain on course to do that for many years to come." Applications for the new roles are already open, with the entry-level positions requiring no previous experience or specific qualifications, and training being provided to all successful candidates. For further information about the roles available, visit Media ContactCompany Name: OUTsurance IrelandContact Person: Ian KennedyContact Number: +35 3151 26200Website: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
With 41% institutional ownership, OUTsurance Group Limited (JSE:OUT) is a favorite amongst the big guns
Institutions' substantial holdings in OUTsurance Group implies that they have significant influence over the company's share price A total of 3 investors have a majority stake in the company with 55% ownership Insiders have bought recently We check all companies for important risks. See what we found for OUTsurance Group in our free report. A look at the shareholders of OUTsurance Group Limited (JSE:OUT) can tell us which group is most powerful. The group holding the most number of shares in the company, around 41% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of OUTsurance Group, beginning with the chart below. Check out our latest analysis for OUTsurance 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 OUTsurance Group does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at OUTsurance Group's earnings history below. Of course, the future is what really matters. OUTsurance Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Remgro Limited with 30% of shares outstanding. For context, the second largest shareholder holds about 14% of the shares outstanding, followed by an ownership of 11% by the third-largest shareholder. To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company. 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 plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of OUTsurance Group Limited. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around R255m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. The general public, who are usually individual investors, hold a 28% stake in OUTsurance Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With an ownership of 30%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. It's always worth thinking about the different groups who own shares in a company. But to understand OUTsurance Group better, we need to consider many other factors. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. 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. 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RTÉ News
21-05-2025
- Business
- RTÉ News
Insurance company OUTsurance announces 100 new jobs
Insurance company OUTsurance Ireland has announced the creation of 100 new jobs over the next year. The positions will be in sales, customer service and claims management. OUTsurance said the expansion is in response to strong customer demand and interest since it launched its car and home insurance products one year ago. "We have been thrilled by the reception we've received since launching one year ago, having hit our business targets for our first year," said OUTsurance Ireland CEO Peter Broome. "It is on foot of this growth that we continue our expansion by hiring 100 people over the next year to meet overwhelming customer demand," Mr Broome added, Applications for the new roles are already open, with the entry-level positions requiring no previous experience or specific qualifications, and training being provided to all successful candidates. South Africa-based OUTsurance Group launched in Ireland in May 2024, becoming the first new locally authorised personal insurance underwriter in the country for over a decade.
