IAG.AX - Insurance Australia Group Limited

ASX - ASX Delayed Price. Currency in AUD
8.05
+0.10 (+1.26%)
At close: 4:10PM AEDT
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Previous Close7.95
Open8.03
Bid8.05 x 0
Ask7.53 x 0
Day's Range8.02 - 8.17
52 Week Range6.53 - 8.74
Volume4,414,022
Avg. Volume5,002,599
Market Cap18.604B
Beta (3Y Monthly)0.84
PE Ratio (TTM)18.05
EPS (TTM)0.45
Earnings DateFeb 11, 2019 - Feb 15, 2019
Forward Dividend & Yield0.32 (4.03%)
Ex-Dividend Date2019-08-19
1y Target Est7.58
  • Where Insurance Australia Group Limited's (ASX:IAG) Earnings Growth Stands Against Its Industry
    Simply Wall St.

    Where Insurance Australia Group Limited's (ASX:IAG) Earnings Growth Stands Against Its Industry

    Assessing Insurance Australia Group Limited's (ASX:IAG) past track record of performance is a valuable exercise for...

  • Have Insiders Been Selling Insurance Australia Group Limited (ASX:IAG) Shares This Year?
    Simply Wall St.

    Have Insiders Been Selling Insurance Australia Group Limited (ASX:IAG) Shares This Year?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • What Kind Of Investor Owns Most Of Insurance Australia Group Limited (ASX:IAG)?
    Simply Wall St.

    What Kind Of Investor Owns Most Of Insurance Australia Group Limited (ASX:IAG)?

    If you want to know who really controls Insurance Australia Group Limited (ASX:IAG), then you'll have to look at the...

  • Thomson Reuters StreetEvents

    Edited Transcript of IAG.AX earnings conference call or presentation 7-Aug-19 11:30pm GMT

    Full Year 2019 Insurance Australia Group Ltd Earnings Presentation

  • HSBC's Biggest Bid in Years Could Get Even Bigger
    Bloomberg

    HSBC's Biggest Bid in Years Could Get Even Bigger

    (Bloomberg Opinion) -- Since getting burned in the financial crisis, HSBC Holdings Plc has been in sell rather than buy mode. But now that it’s out shopping, the bank is looking to splurge. HSBC is eyeing the Asian assets of struggling British insurer Aviva Plc, which could be worth between $3 billion and $4 billion, Bloomberg reporters Dinesh Nair, Manuel Baigorri and Stefania Spezzati wrote Thursday. That would make it one of the bank’s largest purchases since it bought subprime lender Household International for $15.5 billion in 2003.The London-based lender should be prepared to pay even more: Aviva is sure to have many suitors. While the company had a difficult run in Asia, a buyer with more regional presence could better navigate the regulatory hurdles of a fractured market. The bulk of Aviva’s Asian assets are in Singapore, where a large pool of affluent residents has helped gross written premiums rise 13% per year industry-wide, according to Bain & Co. Aviva has 885,000 customers in the Southeast Asian country and was the sixth-largest insurer in Singapore last year – ahead of HSBC. The company accounted for 4.2% of the city-state’s insurance assets in 2018, says Bloomberg Intelligence analyst Steven Lam.A rare, large asset like Aviva is bound to pique the interest of FWD Group Ltd., which Hong Kong billionaire Richard Li built from the ashes of Dutch insurer ING Groep NV’s Asian businesses. FWD, widely believed to be preparing for an initial public offering, has been busy buying assets: Late last year, it snapped up an 80% stake in Commonwealth Bank of Australia’s Indonesian life insurance arm for A$426 million ($302 million). The Japanese, meanwhile, have been avid acquirers of Southeast Asian insurance assets for years, as low growth and negative bond yields at home crimp the savings of its aging population. Just this week, Japan's Taiyo Life Insurance Co. said it will buy 35% of Myanmar's Capital Life Insurance Ltd. Tokio Marine Holdings Inc. bought the Thai and Indonesian businesses of Sydney-based Insurance Australia Group Ltd. for about A$525 million ($355 million) last year, and has been open about its Southeast Asian ambitions.It makes sense that HSBC is eager to jump in: Its chairman, Mark Tucker, is an insurance supremo, having run AIA Group Ltd. and Prudential Plc previously. The recent protests in Hong Kong are pressuring the bank, which gets more than half of its pretax profit from the former British colony, to diversify, as other firms with big bases in the city have done. On Thursday, HSBC broke its silence and called for a peaceful resolution to the tensions in a newspaper ad.With the midpoint of the $3 billion to $4 billion price range amounting to 22 times Aviva's 2018 adjusted operating profit, these jewels aren’t coming cheap. That’s the same level at which AIA, Asia’s biggest insurer, trades. Bidders should prepare for a price war.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Don't Buy Insurance Australia Group Limited (ASX:IAG) For Its Next Dividend Without Doing These Checks
    Simply Wall St.

    Don't Buy Insurance Australia Group Limited (ASX:IAG) For Its Next Dividend Without Doing These Checks

    Insurance Australia Group Limited (ASX:IAG) stock is about to trade ex-dividend in 2 days time. Investors can purchase...

  • How Should Investors Feel About Insurance Australia Group Limited's (ASX:IAG) CEO Pay?
    Simply Wall St.

    How Should Investors Feel About Insurance Australia Group Limited's (ASX:IAG) CEO Pay?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! PG Harmer became the CEO of Insurance Australia Group Limited (ASX:IAG) in 2015. First, th...

  • If You Had Bought Insurance Australia Group (ASX:IAG) Stock Three Years Ago, You Could Pocket A 35% Gain Today
    Simply Wall St.

    If You Had Bought Insurance Australia Group (ASX:IAG) Stock Three Years Ago, You Could Pocket A 35% Gain Today

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! By buying an index fund, investors can approximate the average market return. But if you pick the right individual...

  • Thomson Reuters StreetEvents

    Edited Transcript of IAG.AX earnings conference call or presentation 23-Aug-17 12:30am GMT

    Preliminary 2017 Insurance Australia Group Ltd Earnings Presentation

  • Intrinsic Calculation For Insurance Australia Group Limited (ASX:IAG) Shows Investors Are Overpaying
    Simply Wall St.

    Intrinsic Calculation For Insurance Australia Group Limited (ASX:IAG) Shows Investors Are Overpaying

    Valuing IAG, an insurance stock, can be daunting since these financial firms generally have cash flows that are impacted by regulations that are not imposed upon other industries. For example, Read More...

  • Simply Wall St.

    Is Insurance Australia Group Limited (ASX:IAG) A Smart Pick For Income Investors?

    Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Historically, Insurance Australia Group Limited (ASX:IAG) has been paying a Read More...

  • Simply Wall St.

    How Should Investors React To Insurance Australia Group Limited’s (ASX:IAG) CEO Pay?

    PG Harmer has been the CEO of Insurance Australia Group Limited (ASX:IAG) since 2015. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other Read More...