Generation Development Group Limited

GDG

AU0000005126

Insurance Funds

Market Closed - Australian S.E. Other stock markets 02:10:36 2024-05-17 am EDT			5-day change	1st Jan Change
2.25 ^AUD	-0.88%		0.00%	+28.94%

Apr. 19	Generation Development Grows Funds Under Management by 29% in March Quarter	MT
Feb. 29	Generation Development Group Grows H1 FY24 EPS to AU$0.0230; Total Revenue Jumps	MT

Generation Development : Morgans rates GDG as Add

January 19, 2021 at 06:31 pm EST

Generation Development Group has released its funds under management (FUM) for the December 2020 quarter, which revealed the third highest quarterly sales performance ever.

Morgans feels the underlying business trajectory remains encouraging, highlighted by consistent FUM growth, stable revenue margins and an increasing return on equity.

The broker makes only minor upgrades to EPS estimates and raises the target price to $0.87 from $0.85. The Add rating is unchanged.

Sector: Insurance.

Target price is $0.87.Current Price is $0.71. Difference: $0.16 - (brackets indicate current price is over target). If GDG meets the Morgans target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Latest news about Generation Development Group Limited

Generation Development Grows Funds Under Management by 29% in March Quarter	Apr. 18	MT
Generation Development Group Grows H1 FY24 EPS to AU$0.0230; Total Revenue Jumps	Feb. 28	MT
Generation Development Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 28	CI
Caribbean Utilities Names Vice President Of Energy Operations	Nov. 27	MT
Croatia grants permits for exploration of geothermal energy	23-10-06	RE
Generation Development Group's Fiscal Year 2023 Profit Grows on Investment Revaluation Gain	23-08-30	MT
Generation Development Group Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-29	CI
Generation Development Group Limited Declares Final Dividend for the Six Months Ended June 30, 2023, Payable on 5 October 2023	23-08-29	CI
Generation Development Group Limited Provides Sales Guidance for the Fy24	23-08-29	CI
Top Australia power producer AGL posts profit jump, sees prices climbing	23-08-09	RE
Generation Development Group Limited Declares Ordinary Fully Paid Dividend for the Period of Six Months December 31, 2022, Payable April 6, 2023	23-03-26	CI
Generation Development Group Limited(ASX:GDG) added to S&P/ASX All Ordinaries Index	23-03-20	CI
Generation Development Group Limited acquired unknown additional stake in Lonsec Holdings Pty Ltd.	23-02-28	CI
Generation Development Group Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-23	CI
Generation Development Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2022, Payable on April 6, 2023	23-02-23	CI
Generation Development's Funds Under Management Up 10% in October-December Quarter	23-01-23	MT
Generation Development Group Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-08-29	CI
Generation Development Group Limited Announces Final Fully Franked Dividend for the Year 2022, Payable on October 6, 2022	22-08-29	CI
Generation Development Group's Net Inflows Jump 16% in June Quarter from Year-ago Period	22-07-19	MT
Generation Development Group Launches Investment-Linked Lifetime Annuity	22-03-30	MT
Generation Development Group Limited Declares Ordinary Fully Paid Dividend for the Period of Six Months December 31, 2021, Payable April 8, 2022	22-02-27	CI
Generation Development Group Limited Provides Sales Guidance for Full Year 2022	22-02-27	CI
Eli Lilly Sets Neurology Collaboration With Entos Pharmaceuticals	22-01-06	DJ
Mercuria Plans $21 Million Sale of New Shares	21-12-24	MT
Generation Development Group Limited Announces Board Changes	21-10-11	CI

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Company Profile

Generation Development Group Limited is an Australia-based company, which operates as a pooled development fund. The Company is primarily involved in the provision of life investment products within the Australian Life Insurance Sector. Its segments include Benefit Funds Management and Fund Administration, and Other Businesses. The Benefit Funds Management and Fund Administration segment is engaged in the provision of administration and management services to the Benefit Funds of its subsidiary, Generation Life Limited, and administration services to institutional clients. Generation Life Limited is a specialist provider of investment bond product solutions. The Other Businesses segment pertains to investment in associates. Lonsec Holdings Pty Ltd (Lonsec), its associate company, includes Lonsec Investment Solutions that helps dealer groups and independent financial advisers establish diversified managed portfolios and separately managed account (SMA) solutions.

Sector

Insurance Funds

Calendar

2024-08-27 - Q4 2024 Earnings Release (Projected)

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