PSC Insurance Group Limited (PSI.AX)
| Previous Close | 6.02 |
| Open | 6.02 |
| Bid | 6.33 x 148400 |
| Ask | 6.03 x 126500 |
| Day's Range | 6.02 - 6.03 |
| 52 Week Range | 4.20 - 6.05 |
| Volume | |
| Avg. Volume | 394,521 |
| Market Cap | 2.194B |
| Beta (5Y Monthly) | 0.52 |
| PE Ratio (TTM) | 33.44 |
| EPS (TTM) | 0.18 |
| Earnings Date | Feb 20, 2024 |
| Forward Dividend & Yield | 0.14 (2.33%) |
| Ex-Dividend Date | Mar 12, 2024 |
| 1y Target Est | 5.89 |
- Reuters
Australia's PSC Insurance hits record high on $1.5 billion takeover by Ardonagh
Shares of PSC Insurance Group rose to a record high on Thursday after UK-based broking business Ardonagh Group agreed to buy the Australian company in a deal valuing it at A$2.26 billion ($1.49 billion) amid rising confidence in the sector. "The all-cash premium price in the deal highlights the significance of PSC to Ardonagh in expanding its footprint in the Australian market," said Hebe Chen, an analyst with IG Markets. Policy prices have been rising globally and locally, and the Australian insurance market has been a prime target for M&A activity, with broker March & McLennan taking over Honan Insurance earlier this year.
- Reuters
UK's Ardonagh to buy Australia's PSC Insurance in $1.51 billion deal
(Reuters) -Australia's PSC Insurance will be acquired by Ardonagh Group in a deal valuing the company at A$2.26 billion ($1.51 billion), PSC said on Wednesday, helping the UK-based insurance distribution platform expand its footprint in the region. The takeover of PSC, whose diversified insurance services consist of over 40 trading brands in Australia and abroad, comes as policy prices edge higher. Ardonagh will pay A$6.19 in cash per PSC share, representing a premium of 7.8% on PSC's last close of A$5.74 on Wednesday.
Simply Wall St.PSC Insurance Group's (ASX:PSI) investors will be pleased with their strong 141% return over the last five years
When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really...
