Steadfast’s AGM Update Reinforces Attractive Growth Opportunities. AUD 2.80 FVE Unchanged
Steadfast Group’s trading update at the recent AGM highlights why we like the fast-growing general insurance broker. Growth opportunities abound, but execution risk remains high. Management advised the September quarter results are consistent with fiscal 2018 guidance tracking to plan, with insurance premiums on the rise. Outlook commentary and guidance released in August were confirmed with future earnings supported by an expanding broker network, modest organic growth, productivity improvement...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.
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