Pleasing to see the management team continuing to buy on-market. Also, some positive commentary on Livewire this morning on big brother AUB that bodes well for ENA, particularly the ongoing growth of insurance intermediaries:FINANCIAL SERVICES
AUB Group (ASX: AUB)
The insurance broker recently acquired Tysers, a brokerage in the UK. It has a four-star rating from Morningstar and analysts Nathan Zaia and Shaun Ler assess its price-to-fair-value at 0.88.
“We expect AUB Group to benefit from rising insurance premiums, insurance brokers continuing to take share from the direct channel, and increased ownership interests in brokers within the network,” they said.
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