INSURANCE AUSTRALIA GROUP LIMITED (IAG)
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IAG - INSURANCE AUSTRALIA GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Insurance Australia Group is an insurance company formed by the demutualisation of the NRMA Insurance business in July 2000. It is not a customer-facing brand, but an umbrella organisation that holds many well known insurance brands in Australia, NZ and Asia, incl NRMA Insurance and CGU.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.85

30 Jul
2021

-0.050

OPEN

$4.88

-1.02%

HIGH

$4.89

5,185,624

LOW

$4.82

TARGET
$5.267 8.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AMP . ISU . MPL . NHF . QBE . SDF . SUN . TWR . CVW . GDG . PSI . FCL .
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 18.8 15.2 xxx
DPS (cps) xxx 10.0 18.8 xxx
EPS Growth xxx - 59.4% - 19.2% xxx
DPS Growth xxx - 82.6% 87.8% xxx
PE Ratio xxx N/A 31.9 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 53.2% 123.7% xxx

Dividend yield today if purchased 3 years ago: 1.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.06

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 16/02 - 7c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx18.8
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx7,845.0 M
Book Value Per Share xxxxxxxxxxxxxxx263.0
Net Operating Cash Flow xxxxxxxxxxxxxxx381.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

26/07/2021

1

Add

$5.37

10.72%

Morgans assesses a disappointing FY21 net loss of -$427m after Insurance Australia Group outlined its preliminary results. More positively, FY22 guidance is considered to point to a reported insurance margin (RIM) improvement on the second half of FY21.

The broker highlights the RIM is also “better quality”, given it provides for an additional circa $100m in natural hazard claims ($765m in total). It's felt the group's earnings trajectory should improve from here, off cyclically-low levels.

Morgans sees value in the group and retains its Add rating while lowering FY21 and FY22 EPS estimates by -8% and -2%. The broker's price target falls to $5.37 from $5.46. 

FORECAST
Morgans forecasts a full year FY21 dividend of 15.67 cents and EPS of 31.50 cents.
Morgans forecasts a full year FY22 dividend of 24.02 cents and EPS of 30.99 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IAG STOCK CHART