Insurance Australia Group’s Strong 1H18 Performance Surprises. FVE Increased 3% to AUD 7.00
No-moat-rated Insurance Australia Group’s strong headline first-half fiscal 2018 result goes some way to dispel previous concerns surrounding increasing pressure on margins from higher claims costs. We increase our fair value estimate 3% to AUD 7.00 from AUD 6.80 with the stronger than expected performance providing us with greater confidence the firm’s ambitious long-term targets can be achieved. We are impressed with clinical execution of the firm’s growth strategy supported by the commercial ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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