Australia's nib Holdings falls on Macquarie's cautious outlook

NIB Holdings

03/11/2025 03:22

** Shares of insurer nib Holdings NHF.AX fall as much as 2.8% to A$7.33, their largest intraday pct fall since October 17

** Macquarie says travel insurance tech platform proliferation supports broadening of competition across Australian market

** Adds, such tech adds to aggregator channel popularity, causing premium rates to decline

** Notes short list of potential buyers for nib's travel business; must have existing position to get local synergies and international solutions for both distribution, underwriting capacity

** Brokerage, rated 5/5 for rating accuracy for sector, per LSEG data, rates stock "underperform", maintains PT A$5.60

** 6 analysts rate stock "buy" or higher, 3 "hold" and 1 "sell"; median PT A$8.50 — per LSEG data

** Nib up 35% YTD, including day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))