Summary Hollard Insurance Group - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hollard Insurance Group (Hollard) is a provider of multi-line insurance products. The group operates through Hollard Life Assurance Company Limited (Hollard Life) and Hollard Insurance Company L...
The general evaluation of SANLAM (ZA), a company active in the Life Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 28, 2021, the closing price was ZAR 58.94 and its poten...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at Sanlam Limited sold 450,000 shares at 78.076ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
The South African economy remains in its longest downward cycle since 1945, entering its 67th month of a weakening cycle in Jun ‘19. Annualising the Unemployment Insurance Fund (UIF) payments in Q2'19 implies a 33% y/y rise in terminations in CY'19f. While insurers have broadly reported persistency experience within model assumptions up to Q1'19, the severity of South Africa's economic pressures have intensified in Q2'19 as policy reform has not followed the elections casting doubt on the ba...
Sanlam (SLM) will release FY '18 results on 7 Mar ‘19. We expect FY'18 Normalised HEPS to fall -10% y/y. Normalised HEPS has risen by 5.6% CAGR from FY'14 to '17. The 2017 equity market returns (SWIX: +21.2%) created a high base for asset-based fee revenue. A -11.7% SWIX total return for 2018 has aggravated the FY'18 comparative due to depressed investment returns on shareholder assets and asset-based fee income. The SA economy remains exposed to global trends providing limited support for SL...
Sanlam (SLM) has earned a premium rating to its traditional South African (SA) insurance peer group. Since 2014, Sanlam has traded at an average forward PE of 13x, representing a 42% premium to the average of its peers, MMI, Old Mutual and Liberty. The SLM directors' valuation (GEV) has delivered an average return on capital of 13.8% since FY'14, 60bps below our unadjusted cost of equity. Despite declining returns, Sanlam's share has traded at an average premium of 30% to the GEV since FY'14....
•SLM's FY'17 results based on an analysis of the change in the director's valuation (GEV). The return on GEV for the period was 14.8%, ahead of management's SA risk free rate plus 4% target. The GEV increased 10% YoY while the SLM share price increased 36% in CY'17. SLM currently trades at a 58% premium to the director's valuation. •SLM and SNT's purchase of the remaining 53.37% of SAHAM Finances through SEM. SAHAM Finances appears sub-scale with an underwriting margin of -0.7% in FY'17...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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