06/09/2024 09:14

AUB Group Ltd (AUB) $31.49

The group of insurance brokers and underwriters creates an interesting business which resides in the ASX 200. Their recent  FY24 result was okay, but a slight miss on guidance for FY25 was enough to see a small pullback after the stock's solid performance over the last year. However, the flagged headwinds in FY25 will be accretive in outer years (investment in new wholesale teams), and hence, they are not a concern to MM.

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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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