Report
David Ellis
EUR 100.00 For Business Accounts Only

Steadfast Proposes Strategic Relationship with IBNA, Boosting Broker Numbers

Our positive long-term view on general insurance broker, Steadfast Group, remains firmly intact following our regular post result management catch-up. Despite a modest fully franked dividend yield around 3%, the firm offers attractive earnings upside due to robust underlying fundamentals and a focus on growth--both organic and acquisition. We expect earnings growth to be underpinned by better operating efficiency, continued strength in insurance pricing and leveraging the firm’s proprietary adva...
Underlying
Steadfast Group Limited

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.

Provider
Morningstar
Morningstar

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.

Analysts
David Ellis

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