07/03/2025 09:26

Insurance Australia Group (IAG) $7.80

IAG has tumbled almost 20% from its late January high as it turned from hero to villain in the blink of an eye. We haven’t changed our view of IAG since it reported earnings in February, but the difference is that the stock is coming down towards our “Buy Zone.”

Read more

14/02/2025 09:44

Insurance Australia Group (IAG) $7.80

As we touched on earlier, IAG is rich for a stock whose sector appears to be in “peak cycle.” The reaction to yesterday’s illustrates the risks: the numbers were good. Cash earnings surged 54.2% in the December half to $640 million, about 6%t above market expectations, thanks to good weather and cost-cutting during the period.

Read more

13/02/2025 16:51

Insurance Australia (IAG) $7.80

IAG –12.56%: saw its largest single-day drop in the share price in 15 years as it reported first-half earnings that looked okay on the surface but caused concern around the medium-term outlook. 

Read more

06/02/2025 09:38

Insurance Australia Group Ltd (IAG) $8.78

IAG slipped 1.4% on a mixed day for insurance stocks, in similar fashion to MQG, this major insurer has encountered selling after hitting new highs last week but we must remember one bad week doesn’t wreck a trend.

Read more

29/11/2024 09:00

Insurance Australia Group Ltd (IAG) $8.47

IAG pushed up another +3.5% on Thursday, posting fresh highs following the news it will acquire the insurance business of the Royal Automobile Club of Queensland for $855 million, giving the company a 25-year exclusive distribution agreement to sell home and car insurance policies in what it claims is a sound bet on the state’s future growth.

Read more

08/08/2024 09:40

Insurance Australia Group (IAG) $6.95

We have been too cautious towards IAG over the last two years, but we currently see little upside for the stock above $7. IAG provided an FY24 trading update in late June with few surprises now expected when it reports on the 21st August - the markets will be scrutinizing its FY25 margin guidance, commentary around pricing, reinsurance and claims. Also, some capital management is anticipated, with a potential $350mn buyback on the cards.

Read more

11/04/2024 09:25

Insurance Australia Group Ltd (IAG) $6.37

IAG slipped -1.9% on Wednesday, but it's still up +14.7 % so far this year, well ahead of the broader market. Moving forward, we remain concerned about affordability, volume loss and softening customer retention as premiums increase. IAG’s strong capital position enabled them to recently announce a $200mn buyback, which has helped support the stock, but we still believe it’s getting tired above $6 and would be sellers of strength as opposed to buyers into dips.

Read more

07/03/2024 09:12

Insurance Australia Group (IAG) $6.22

On the surface, IAG’s February 1H24 result was below expectations; the market’s muted reaction suggests that the core result was solid on closer inspection. Stabilising claims is key to their margin outlook, helped by improving motor claims. Looking forward, we see some growing concerns around affordability, volume loss and softening customer retention as prices go up in the 2H. A $200mn buyback has helped support the stock, but we believe it's getting tired above $6 and would turn sellers rather than buyers into strength.

Read more

16/02/2024 16:52

Insurance Australia (IAG) $6.08

IAG -3.80%: the local insurer hit two-year highs yesterday but fell away today on a soft 1H result. Profit at $415m was a 5% miss and the 10c interim dividend compared poorly to the 12c expected while margins of 13.7% was a decent drop from the 14.6% hit in 2H23.

Read more

23/11/2023 09:12

Insurance Australia Group (IAG) $5.91

IAG, like most of the sector, has successfully increased prices post-COVID, exhibiting an excellent ability to accelerate revenue with many people forced to buy insurance, e.g. homes with a mortgage and cars that are leased. 

Read more