A director at Steadfast Group Limited sold 350,617 shares at 5.651AUD and the significance rating of the trade was 70/100. 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...
The general evaluation of STEADFAST GROUP (AU), a company active in the Insurance Brokers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 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 Slightly Positive. As of the analysis date February 25, 2022, the closing price was AU...
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....
In late June, no-moat insurance broker, Steadfast Group, confirmed negotiations with Insurance Brokers Network Australia Limited, or IBNA, to form an alliance. IBNA is a large network of insurance brokers in Australia, with members billing about AUD 1.3 billion in gross written premium annually. For comparison, Steadfast’s insurance broker network billed AUD 5.3 billion of gross written premium in fiscal 2018. The IBNA deal is at an early stage, with the expected impact on Steadfast to be clar...
Steadfast Group is the largest general insurance broker network in Australia and New Zealand. The company is a consolidator via equity interests in insurance broker businesses, and also co-owns and consolidates underwriting agencies and ancillary businesses. Steadfast provides attractive upside as a result of its market position, long industry history, deep customer relationships, proven acquisition strategy, and organic growth opportunities. We expect an extended period of measured growth via a...
In late June, no-moat insurance broker, Steadfast Group, confirmed negotiations with Insurance Brokers Network Australia Limited, or IBNA, to form an alliance. IBNA is a large network of insurance brokers in Australia, with members billing about AUD 1.3 billion in gross written premium annually. For comparison, Steadfast’s insurance broker network billed AUD 5.3 billion of gross written premium in fiscal 2018. The IBNA deal is at an early stage, with the expected impact on Steadfast to be clar...
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 ad...
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 ad...
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 ad...
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 ad...
No-moat general insurance broker, Steadfast Group, maintained earnings guidance for fiscal 2019 following a strong first half. Our positive view is intact and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. Underlying cash NPAT increased an impressive 17% to AUD 50 million, just ahead of our AUD 48 million expectation. The fully franked interim dividend of AUD 3.2 cents per share, or cps, was in line, increasing 14% on the previous corresponding perio...
No-moat general insurance broker, Steadfast Group, maintained earnings guidance for fiscal 2019 following a strong first half. Our positive view is intact and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. Underlying cash NPAT increased an impressive 17% to AUD 50 million, just ahead of our AUD 48 million expectation. The fully franked interim dividend of AUD 3.2 cents per share, or cps, was in line, increasing 14% on the previous corresponding perio...
No-moat general insurance broker, Steadfast Group, maintained earnings guidance for fiscal 2019 following a strong first half. Our positive view is intact and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. Underlying cash NPAT increased an impressive 17% to AUD 50 million, just ahead of our AUD 48 million expectation. The fully franked interim dividend of AUD 3.2 cents per share, or cps, was in line, increasing 14% on the previous corresponding perio...
No-moat-rated insurance broker, Steadfast Group, modestly upgraded earnings guidance for fiscal 2019 at the firm’s AGM. The commercial general insurance market is benefiting from mid-single-digit premium rate increases and Steadfast continues to leverage good organic growth plus contributions from recent acquisitions. Our positive view is intact, and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. We increase our fiscal 2019 cash earnings forecast b...
No-moat-rated insurance broker, Steadfast Group, modestly upgraded earnings guidance for fiscal 2019 at the firm’s AGM. The commercial general insurance market is benefiting from mid-single-digit premium rate increases and Steadfast continues to leverage good organic growth plus contributions from recent acquisitions. Our positive view is intact, and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. We increase our fiscal 2019 cash earnings forecast b...
No-moat-rated insurance broker, Steadfast Group, modestly upgraded earnings guidance for fiscal 2019 at the firm’s AGM. The commercial general insurance market is benefiting from mid-single-digit premium rate increases and Steadfast continues to leverage good organic growth plus contributions from recent acquisitions. Our positive view is intact, and at current prices, the stock is trading close to our AUD 3.00 per share fair value estimate. We increase our fiscal 2019 cash earnings forecast b...
Our positive long-term view on no-moat Steadfast Group is intact following our regular post-results management meeting. This is based on the firm’s attractive growth options, resilient revenue and earnings, the high proportion of long-standing small to midsize enterprise customers, impressive renewal rates, and high customer switching costs. We like the company's attractive earnings upside based on robust underlying fundamentals, but aggressive expansion and execution risk remain key concerns....
Steadfast Group is the largest general insurance broker network in Australia and New Zealand. The company is a consolidator via equity interests in insurance broker businesses, and also co-owns and consolidates underwriting agencies and ancillary businesses. Steadfast provides attractive upside as a result of its market position, long industry history, deep customer relationships, proven acquisition strategy, and organic growth opportunities. We expect an extended period of measured growth via a...
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