Esure Group Share News (ESUR)

Esure Group Information

There is currently no data for ESUR

UBS upgrades Esure to 'neutral' after Bain deal

Thu, 16th Aug 2018 12:28

(Sharecast News) - UBS upgraded Esure to 'neutral' from 'sell' and hiked the price target to 280p after the insurer agreed to be bought by private equity firm Bain Capital for 280p a share, as it said there is a high probability of deal success.The bank pointed to the fact that the deal has support from key shareholders controlling nearly 48% of the shares and said there is limited scope for a counter-bid, give an implied 14x 2019E earnings per share valuation, which is at the upper end of the peer group. In addition, it noted limited anti-trust concerns as this appears to be Bain's first investment in the UK insurance market.Should 75% of shareholders be supportive, UBS estimated that the deal could be finalised by early December 2018. If the transaction receives 50-75% support, which it views as unlikely given the support of key shareholders, it would expect completion early January.UBS said Esure's first-half results, which were announced alongside the Bain deal, were weaker than expected, with pre-tax profit 8% below consensus, mostly due to weather losses. However, it said the positive for the market was that as prices slowed, Esure slowed growth somewhat, maintaining a relatively stable gross motor premium year-on-year despite claims deflation."Esure, like peers, has flagged that the market has maintained its discipline. This, along with an expected return to more "normal" claims inflation (3- 5%) towards the end of this year (as reported by Hastings and Direct Line), combined with delays to whiplash reform, should lead to a more stable pricing backdrop."

More News

26 Apr 2018 16:30

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 27 April Royal Bank of ScotlandQ1 ResultsComputacenterTrading Nash Year Year Year

20 Mar 2018 11:45

Britain to put brake on whiplash injury claims from car crashes

March 20 (Reuters) - Britain plans new laws to cut the number of whiplash claims from car accidents and change the calculation of personal injury payments, a move which costs

9 Mar 2018 10:40

WINNERS & LOSERS SUMMARY: RM2 Jumps As It Sees Positive 2019 Earnings

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Anglo American, up the

9 Mar 2018 08:26

BUZZ-Esure: RBC double upgrades

** RBC double upgrades esure to "outperform" from "underperform" ** Says "confident on the ability of esure to deliver on its footprint expansion plans without the

9 Mar 2018 07:06

EUROPE RESEARCH ROUNDUP-Allied Minds, JCDecaux, Telecom Italia

March 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Allied Minds, JCDecaux and Telecom Italia, on Friday. HIGHLIGHTS * Allied :

7 Mar 2018 09:25

Esure Keeps Dividend Flat Despite Annual Profit And Premiums Rise

LONDON (Alliance News) - Esure Group PLC on Wednesday kept its 2017 dividend in line with the year before, despite double-digit increases in pretax profit and gross written to

7 Mar 2018 08:12

UPDATE 1-UK's esure profit beats on strong demand for motor insurance

March 7 (Reuters) - British insurer esure Group Plc reported on Wednesday a better-than-expected 35.6 percent rise in full-year pretax profit, driven by an increase in demand for its motor written

7 Mar 2018 07:24

UK insurer esure's full-year pretax profit rises 35.6 pct

March 7 (Reuters) - British insurer esure Group Plc reported on Wednesday a 35.6 percent rise in full-year pretax profit, driven by an increase in demand for its motor company, which provides to a

7 Mar 2018 05:36

UK Stocks-Factors to watch on March 7

March 7 (Reuters) - Britain's FTSE 100 index is seen opening down 18 points on Wednesday, according to financial bookmakers. * IAG: The chief executive of British IAG is a

1 Mar 2018 08:23

UPDATE 2-Light premiums weigh on UK insurer Hastings despite profit rise

* FY adjusted operating profit rises 39 pct to 184.1 mln stg * FY Gross written premiums rise 21 pct, below estimates * Says competitive environment continues to be 10

13 Feb 2017 08:26

Monday broker round-up

(ShareCast News) - Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p. Flybe Group: HSBC reiterates Buy with a target price of 55p. Esure Group: Berenberg maintains Sell with a target price of 193p. Berendsen: Citigroup reiterates Neutral with a target price of 930p. Sm

7 Dec 2016 13:36

Wednesday broker round-up

(ShareCast News) - BHP Billition: HSBC reiterates hold with a target price of 1200p. Bunzl: Goldman Sachs reiterates neutral, 2200p target. Bellway: JP Morgan reiterates overweight with a 2950p target. Aviva: RBC reiterates outperform with a 500p target. IG: Barclays stays at overweight with a 95

7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

21 Nov 2016 19:55

Monday broker round-up

(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11

9 Nov 2016 08:27

Esure's premiums rise while it benefits from Gocompare.com demerger

(ShareCast News) - Esure's premiums increased for the year to date, while it also benefited from its November demerger from Gocompare.com, an insurance comparison website. For the nine months ended 30 September, the company said that overall premiums soared 16% and policies rose 6% year-on-year. Gr

Latest Share Chat

Esure Group Share News (ESUR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UBS upgrades Esure to 'neutral' after Bain deal

Login to your account

Quickpicks are a member only feature

Login to your account