Steadfast Earnings Upgrade Cycle Continues. FVE Increased 24% to AUD 2.60
No-moat-rated Steadfast Group is Australia’s largest general insurance broker and underwriting agency group, which we expect to generate strong shareholder returns for several years at least. We again upgrade our medium-term earnings forecasts following a reassessment of the firm’s outlook and the robust fiscal 2016 results released in late August.We take comfort in the business discipline reflecting the experienced management team led by industry veteran CEO Robert Kelly. Steadfast is in a “sw...
Steadfast Group is engaged in the provision of services to Steadfast Network Brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services.
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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