Insurance Australia Group Limited
Recommendation
Insurance Australia Group Limited -
IAG
Current price
$6.40 at 15:15 (29 March 2024)
Price at review
$3.49 at (08 March 2002)
All Prices are in AUD ($)
IAG (IAG) - $3.49: The old NRMA excited the market with a $49.2m half-year profit in the face of difficult insurance and investment markets. And a fully-franked interim dividend of 4.5 cents per share was announced (ex-date 26 March). Our fundamental view hasn't changed and with the stock up 14% since issue 94/Jan 01 (Sell/Switch to Suncorp - $3.06) we think this is a great opportunity to SELL and SWITCH to Suncorp.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
Insurance Australia Group Limited -
IAG
Current price
$6.40 at 15:15 (29 March 2024)
Price at review
$3.49 at (08 March 2002)
All Prices are in AUD ($)
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