31/10/2023 09:14

AUB Group Ltd (AUB) $26.76

Insurance broker & underwriting agency operator AUB has been an outperformer through 2023, helped by a 4th guidance upgrade in August. The stock has struggled like many over recent weeks, but the risk/reward is now looking attractive after its valuation has fallen to more justifiable levels, all 9 of the analysts that cover this stock have it pegged as a buy with a target price over 25% higher.

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19/10/2023 09:26

AUB Group (AUB) $29.60

For subscribers unfamiliar with AUB, it operates insurance brokers and underwriting agencies in over 520 locations in Australia and New Zealand; impressively, the stock is up +31% year-to-date. In August, they delivered their fourth upgrade to guidance for FY23 with the implied upgrade for 2H profitability of ~9%, but the lacklustre reaction by the stock tells us the market has started to price AUB for perfection.

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31/01/2023 09:15

1 AUB Group Ltd (AUB) $23.76

AUB rallied another +0.7% yesterday on a down day for the ASX, the Insurance broker AUB continues to trade strongly having rewarded investors who backed its $350mn capital raise at $19.50, back in June, to fund the acquisition of Tysers for $880mn. We like this insurance business which focuses on equity-based risk management, insurance...

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24/01/2023 09:27

4 AUB Group Ltd (AUB) $23.34

Insurance broker AUB continues to trade strongly having rewarded investors who backed its $350mn capital raise at $19.50, back in June, to fund the acquisition of Tysers for $880m. The company continues to deliver and in August they forecast that organic growth would help drive NPAT up ~20% for FY’23 compared to FY22

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22/11/2022 09:29

AUB Insurance Ltd (AUB) $22.83

Insurance broker AUB has traded extremely well since the outbreak of Covid and its rewarded investors who backed its $350mn capital raise at $19.50, back in June, to fund the acquisition of Tysers for $880mn. The company continues to deliver and in August they forecast that organic growth would help drive NPAT up ~20% for FY’23 compared to FY22

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01/06/2022 09:39

AUB Group Ltd (AUB) $18.73

Insurance broker AUB successfully raised $350mn last month from institutions at $19.50 to fund the acquisition of Tysers for $880mn, approx. 18 million new shares have been issued under the raise leaving the business now capitalised at $1.685bn. In April AUB announced net profit up 17% to $30mn for the half-year, MM believes the stock’s 33% decline through 2022 and especially since the cap raise is providing some decent value for investors aided by a forecasted 3.1% fully franked yield.

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23/03/2021 09:25

AUB Group (AUB) $18.39

Insurance broking operator AUB Group (AUB) embraced its result last month which showed a 44% lift in profit sending the stock to fresh all-time highs. However after a stellar run the stock feels about right ~$18

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