Insurance Australia Group pre-released guidance and announced its expectations for FY21E cash earnings of A$747mn and guided to low single-digit growth in FY22E.
IAG trades on a forward dividend yield of 3.8%.
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Buy IAG with a stop loss @ $4.70
6/8 Update: IAG now trading $5.00
9/8 Update: IAG is trading $5.20 after Suncorp released strong earnings today.
