INSURANCE AUSTRALIA GROUP LIMITED (IAG)
Share Price Analysis and Chart

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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

$4.98

25 Jan
2021

-0.020

OPEN

$5.05

-0.40%

HIGH

$5.05

3,170,376

LOW

$4.97

TARGET
$5.463 9.7% upside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
AMP . ISU . MPL . NHF . QBE . SDF . SUN . TWR . CVW . GDG . PSI . FCL .
MARKET CONSENSUS FORECAST
IAG: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 19.1 7.9 xxx
DPS (cps) xxx 10.0 15.3 xxx
EPS Growth xxx - 49.1% - 58.6% xxx
DPS Growth xxx - 73.3% 53.2% xxx
PE Ratio xxx N/A 63.2 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 52.5% 194.3% xxx

Dividend yield today if purchased 3 years ago: 1.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.01

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: 18/02 - 10c (70%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

13/01/2021

1

Buy

$5.80

16.47%

Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).

Buy rating and $5.80 price target for Insurance Australia Group remain unchanged. Estimates have increased, in particular DPS forecasts.

FORECAST
UBS forecasts a full year FY21 dividend of 19.00 cents and EPS of 26.20 cents.
UBS forecasts a full year FY22 dividend of 21.00 cents and EPS of 28.70 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IAG STOCK CHART

FNArena News on IAG

1
Rudi’s View: All Eyes On US Treasuries

Jan 13 2021 - Rudi's View
2
Australian Broker Call *Extra* Edition – Dec 09, 2020

Dec 09 2020 - Daily Market Reports
3
November In Review: ASX Soars As Value Outperforms Growth

Dec 07 2020 - Australia
4
Rudi’s View: Brambles, Orica, Reece and… Tesla

Dec 04 2020 - Rudi's View
5
The Wrap: Insurance, Cost Of Living & Labour

Nov 20 2020 - Weekly Reports

Latest Insurance News

1
Reinsurance Key To Insurer Pandemic Claims

Sep 16 2020 - Australia
2
Suncorp Takes Stock Of Risk

Jul 02 2020 - Australia
3
Medibank Private Deflects Talk Of Windfall

May 07 2020 - Australia
4
Steadfast Moves To Reassure

Apr 27 2020 - Australia
5
Reinsurance Covers Suncorp, Yet Risks Remain

Jan 14 2020 - Australia
6
Poor US Crop Pegs QBE Profitability

Dec 19 2019 - Australia
7
Are Market Fears For Suncorp Overdone?

Nov 20 2019 - Australia
8
Claims Costs Hurt Medibank Private

Nov 07 2019 - Australia
9
More Returns As Suncorp Sells Chop Shops?

Oct 02 2019 - Australia
10
Minimal Volume Growth Besets Insurers

Sep 16 2019 - Australia