BUZZ-Barclays sees tailwinds for insurance brokers, raises PTs

Reuters11-21 01:03

** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data

** Barclays sees pricing to be in line with recent industry trends

** While prices decelerate for the property line, the brokerage observes a strong "accelerating increase" in casualty lines' prices

** "Combined with the continuing increase in demand for coverage for these (casualty) types of risks, we see an environment in which casualty pricing can continue to accelerate" - brokerage

** Brokerage feels the potential of higher-for-longer inflation environment as a result of the U.S. elections might aid insurance brokers sustain above average organic growth, going into 2025 and 'possibly' into 2026

** Barclays' estimates suggest further upbeat view, mostly in the reinsurance and brokerage space

The price target changes:

Insurance New PT Old PT

Brokers

Aon $440 $394

Arthur J. $308 $300

Gallagher

Brown & $119 $108

Brown

Marsh & $246 $236

McLennan

Ryan $88 $76

Specialty Holdings

Willis Tower $302 $278

Watson

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485414738?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 01:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485414738","market":"us","top_or_hot":-1,"title":"BUZZ-Barclays sees tailwinds for insurance brokers, raises PTs","media":"Reuters","content":"<html><body><p>** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data </p><p>   ** Barclays sees pricing to be in line with recent industry trends</p><p>       ** While prices decelerate for the property line, the brokerage observes a strong \"accelerating increase\" in casualty lines' prices </p><p>       ** \"Combined with the continuing increase in demand for coverage for these (casualty) types of risks, we see an environment in which casualty pricing can continue to accelerate\" - brokerage </p><p>   ** Brokerage feels the potential of higher-for-longer inflation environment as a result of the U.S. elections might aid insurance brokers sustain above average organic growth, going into 2025 and 'possibly' into 2026 </p><p>   ** Barclays' estimates suggest further upbeat view, mostly in the reinsurance and brokerage space </p><p>The price target changes: </p><p>Insurance                  New PT  Old PT</p><p>  Brokers                          </p><p>Aon                        $440    $394</p><p>Arthur J.                  $308    $300</p><p>  Gallagher                        </p><p>Brown &amp;                    $119    $108</p><p>  Brown                            </p><p>Marsh &amp;                    $246    $236</p><p>  McLennan                         </p><p>Ryan                       $88     $76</p><p>  Specialty Holdings               </p><p>Willis Tower               $302    $278</p><p>  Watson                           </p><p> (Reporting by Pritam Biswas in Bengaluru)</p><p>((Pritam.Biswas@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Barclays sees tailwinds for insurance brokers, raises PTs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Barclays sees tailwinds for insurance brokers, raises PTs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 01:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data    ** Barclays sees pricing to be in line with recent industry trends       ** While prices decelerate ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765489.SGD","symbol_name":"FTIF - Franklin Mutual US Value A Acc SGD","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2485414738","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485414738","pubTimestamp":1732122211,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data    ** Barclays sees pricing to be in line with recent industry trends       ** While prices decelerate for the property line, the brokerage observes a strong \"accelerating increase\" in casualty lines' prices        ** \"Combined with the continuing increase in demand for coverage for these  types of risks, we see an environment in which casualty pricing can continue to accelerate\" - brokerage    ** Brokerage feels the potential of higher-for-longer inflation environment as a result of the U.S. elections might aid insurance brokers sustain above average organic growth, going into 2025 and 'possibly' into 2026    ** Barclays' estimates suggest further upbeat view, mostly in the reinsurance and brokerage space The price target changes: Insurance                  New PT  Old PT  Brokers                          Aon                        $440    $394Arthur J.                  $308    $300  Galla","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4585":"ETF&股票定投概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","BRO":"布朗保险经纪","BK4173":"保险经纪商","WTW":"韦莱韬悦","BK4559":"巴菲特持仓","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","BK4588":"碎股","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","AON":"怡安保险","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","BK4581":"高盛持仓","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","AJG":"亚瑟加拉格尔有限公司","RYAN":"Ryan Specialty Group Holdings, Inc.","MMC":"威达信集团","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD"},"translate_title":"巴克莱银行看到保险经纪人的顺风车，提高PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AON":0.9,"WTW":0.9,"RYAN":0.9,"MMC":0.9,"BRO":0.9,"AJG":0.9},"content_text":"** Brokerage Barclays hikes PTs on insurance brokerage firms citing latest industry pricing data    ** Barclays sees pricing to be in line with recent industry trends       ** While prices decelerate for the property line, the brokerage observes a strong \"accelerating increase\" in casualty lines' prices        ** \"Combined with the continuing increase in demand for coverage for these (casualty) types of risks, we see an environment in which casualty pricing can continue to accelerate\" - brokerage    ** Brokerage feels the potential of higher-for-longer inflation environment as a result of the U.S. elections might aid insurance brokers sustain above average organic growth, going into 2025 and 'possibly' into 2026    ** Barclays' estimates suggest further upbeat view, mostly in the reinsurance and brokerage space The price target changes: Insurance                  New PT  Old PT  Brokers                          Aon                        $440    $394Arthur J.                  $308    $300  Gallagher                        Brown &                    $119    $108  Brown                            Marsh &                    $246    $236  McLennan                         Ryan                       $88     $76  Specialty Holdings               Willis Tower               $302    $278  Watson                            (Reporting by Pritam Biswas in Bengaluru)((Pritam.Biswas@thomsonreuters.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485414738"}