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    IAG   AU000000IAG3

INSURANCE AUSTRALIA GROUP LIMITED

(IAG)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/07
4.36 AUD   +1.40%
12/06IAG's Australian Property Repair Costs Climb on Bushfires, Supply Issues
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12/06IAG Reaffirms Fiscal Year 2022 Guidance
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12/06INSURANCE AUSTRALIA : Business Update Presentation
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Australian shares rise on mining, energy boost; Rio Tinto slips

10/14/2021 | 09:16pm EST

Oct 15 (Reuters) - Australian shares rose on Friday for a second straight session, helped by gains in mining and energy stocks on strong underlying commodity prices, while Rio Tinto slipped after cutting its 2021 iron ore shipments forecast.

The S&P/ASX 200 index advanced 0.51% to 7,349.1 by 0031 GMT and was on track for a second straight weekly gain.

Miners rose 1.33% after zinc prices jumped to a 14-year high overnight and copper, nickel and gold prices advanced.

BHP Group climbed 2.7% after securing 83% support for a climate change roadmap, a much stronger outcome than predicted, while Fortescue Metals rose 2.3%.

Rio Tinto skidded up to 1.2% after downgrading its annual iron ore shipments forecast as a tighter labour market in Western Australia delayed the completion of a new greenfield mine.

Carrier Qantas Airways rose up to 4.3% after agreeing an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property Group to reduce debt.

Energy stocks rose 1.1%, tracking crude oil prices which rose 1% overnight after top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply and the International Energy Agency said surging natural gas prices could boost demand for oil among power generators.

Heavyweight Whitehaven Coal Ltd and Beach Energy Ltd led the gains on the sub-index, climbing 2.17% and 1.4% respectively.

Insurer Insurance Australia Group fell as much as 3.5% after the securities regulator launched a civil penalty proceedings against a unit over its failure to pass on discounts worth A$60 million to nearly 600,000 customers.

New Zealand's benchmark S&P/NZX 50 index slipped 0.07% to 13,038.8. Elsewhere, S&P 500 E-minis futures were up 0.05%. ($1 = 1.3495 Australian dollars) (Reporting by Riya Sharma in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LIMITED 4.27% 1.22 End-of-day quote.-32.41%
BHP GROUP 0.91% 39.95 End-of-day quote.-5.84%
FORTESCUE METALS GROUP LIMITED 1.52% 17.41 End-of-day quote.-25.69%
INSURANCE AUSTRALIA GROUP LIMITED 1.40% 4.36 End-of-day quote.-7.23%
QANTAS AIRWAYS LIMITED 3.82% 5.17 End-of-day quote.6.60%
WHITEHAVEN COAL LIMITED 1.20% 2.53 End-of-day quote.53.80%
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Analyst Recommendations on INSURANCE AUSTRALIA GROUP LIMITED
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Financials
Sales 2022 7 876 M 5 612 M 5 612 M
Net income 2022 598 M 426 M 426 M
Net Debt 2022 1 645 M 1 172 M 1 172 M
P/E ratio 2022 18,3x
Yield 2022 4,10%
Capitalization 10 689 M 7 605 M 7 617 M
EV / Sales 2022 1,57x
EV / Sales 2023 1,50x
Nbr of Employees 13 650
Free-Float 99,8%
Chart INSURANCE AUSTRALIA GROUP LIMITED
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Insurance Australia Group Limited Technical Analysis Chart | IAG | AU000000IAG3 | MarketScreener
Technical analysis trends INSURANCE AUSTRALIA GROUP LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 4,36 AUD
Average target price 5,28 AUD
Spread / Average Target 21,2%
EPS Revisions
Managers and Directors
Nicholas Barrie Hawkins Chief Executive Officer, Director & MD
Michelle McPherson Chief Financial Officer
Neil Morgan Chief Operating Officer
Thomas William Pockett Independent Non-Executive Director
Jonathan B. Nicholson Independent Non-Executive Director
Sector and Competitors