Insurance Australia Group Limited

By Intelligent Investor · 24 Jan 2003

By Intelligent Investor ·
24 Jan 2003

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Insurance Australia Group Limited - IAG

Current price

$6.53 at 16:40 (24 April 2024)

Price at review

$2.74 at (24 January 2003)

All Prices are in AUD ($)

Horrific bush fires are not good news for IAG, although we're just as concerned about management's ability to make its acquisition of Aviva's Australian and New Zealand businesses work. We highlighted those concerns in issue 115/Nov 02 (Sell/Switch to Suncorp - $2.42) and with the stock up 13% since then, it's a good 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.

Insurance Australia Group Limited

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Insurance Australia Group Limited

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