Tower Limited ( (AU:TWR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Tower Limited’s stock is on the rise due to the company’s updated financial guidance for FY25. This positive outlook is driven by lower-than-expected costs from large events and a strategic emphasis on house insurance. The company has also seen a 5% increase in its customer base and a 10% growth in house insurance policies, despite competitive pricing and a focus on lower-risk policies that have reduced average premiums. Additionally, ongoing technology investments and efforts to acquire new customers have prompted revisions in gross written premium growth and management expense ratios.
More about Tower Limited
YTD Price Performance: 36.36%
Average Trading Volume: 33,934
Technical Sentiment Signal: Buy
Current Market Cap: A$527.7M
For further insights into TWR stock on TipRanks’ Stock Analysis page.
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