IAG – Algo Buy Signal

Insurance Australia Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support for IAG at $7.50, based on 5 – 8% EPS growth into FY20, 4.8% dividend yield and the potential for an increase to the on-market buyback in the New Year.

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Buy and look for a move higher to $8.50 and then sell call options.

 

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks