Macquarie Keeps Their Buy Rating on Insurance Australia Group Limited (IAUGF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2025
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Source: Business Insider
Analyst Rating and Price Target: Andrew Buncombe from Macquarie has maintained a Buy rating on Insurance Australia Group Limited (IAUGF) with a price target of A$8.50, while the shares currently close at $4.31. The overall analyst consensus suggests a Moderate Buy with an average price target of $5.45.
Financial Performance: For the quarter ending June 30, Insurance Australia Group reported a revenue of $8.14 billion and a net profit of $491 million, significantly up from 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.
