0043 GMT - There is no obvious reason to expect Insurance Australia Group's good share-price run to stop now, Citi analyst Nigel Pittaway writes in a note. He keeps a buy rating on the stock, telling clients that benign weather is likely to help the ASX-listed insurer's first-half performance. He sees IAG's profitability outlook remaining strong and is positive on investment returns. Although IAGs full-year allowance is higher than its modeled natural perils, Pittaway doesn't currently expect it to alter its annual guidance. Citi raises its target price 1.0% to A$9.55. Shares are up 0.6% at A$8.71. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 19, 2025 19:43 ET (00:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。