0003 GMT - Nib's valuation appeals to UBS analysts, but they stay cautious on the Australian health insurer due to rising margin risks. Maintaining a neutral rating on the stock, the UBS analysts tell clients in a note that earnings visibility surrounding Nib's key Australian residents business has become more opaque due to softer policy growth and accelerating claims-paid inflation. Margin risks look skewed to the downside despite the insurer's tighter cost control, they add. UBS trims its target price 1.4% to A$7.20. Shares are down 2.5% at A$6.36. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 23, 2026 19:03 ET (00:03 GMT)
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