Just got this in an email...Thursday, 20 June 2024HLI - HELIA...

Just got this in an email...

Thursday, 20 June 2024

HLI - HELIA GROUP LIMITED

Macquarie rates HLI as Upgrade to Outperform from Neutral (1) - Macquarie believes Helia Group is likely to become the exclusive lenders mortgage insurance provider for Commonwealth Bank ((CBA)) including Bankwest, which is currently insured with QBE.

As a result, gross written premium could rise by around 9% the broker highlights.

With the stock having fallen the rating is upgraded to Outperform from Neutral with an unchanged target price of $3.90.

The lower share price should also assist with a quickening in the $100m buyback, the broker notes.

Target price is $3.90 Current Price is $3.34 Difference: $0.56 If HLI meets the Macquarie target it will return approximately 17% (excluding dividends, fees and charges). The company's fiscal year ends in December.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 30.00 cents and EPS of 48.90 cents . At the last closing share price the estimated dividend yield is 8.98%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.83.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 20.00 cents and EPS of 41.90 cents . At the last closing share price the estimated dividend yield is 5.99%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.97.

Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources