Insurance Australia Group Limited (IAUGF) Receives a Hold from Morgans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2025
0mins
Source: Business Insider
Analyst Ratings: Morgans analyst Richard Coles maintains a Hold rating on Insurance Australia Group Limited (IAUGF) with a price target of A$8.02, while UBS also issued a Hold rating and Macquarie maintained a Buy rating.
Financial Performance: Insurance Australia Group reported a quarterly revenue of $8.14 billion and a net profit of $491 million for the quarter ending June 30, showing significant growth compared to last year's revenue of $4.61 billion and net profit of $364 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
