Steadfast Group Limited is an Australia-based general insurance broker and insurance underwriting agency. The Company’s principal activities are engaged in the provision of services to Steadfast Network brokers, the distribution of insurance policies through insurance brokerages and underwriting agencies and related services. The company carries equity investments in insurance intermediary entities, premium funders and complementary businesses. It might not be the most discussed stock in the sector but it has outperformed all bar NIB Holdings (NHF) by rallying +13.2% over the last 6 months, while it’s not cheap trading on an Est 24.6x P/E for 2022 it is deemed to come with less risk with no underwriting exposure.
- SDF looks destined to break $5.50 in the coming weeks but we must question if it will be another “failed pop” to add to the list for 2022.
MM is neutral to bullish SDF
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