MARKETS SPECTATOR: Insurance bears

Macquarie has lowered its ratings for IAG and Suncorp's insurance businesses, calling an end to their excessive outperformance of the benchmark index.

Macquarie Group has downgraded a number of big names stocks this morning, especially in the insurance space.

The broker lowered its rating on Insurance Australia Group to neutral from outperform, despite lifting its target price slightly to $4.88 per share.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles