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AMP Settles with Insurers Over Historical Remediation Claims

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AMP Settles with Insurers Over Historical Remediation Claims

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AMP ( (AU:AMP) ) has shared an announcement.

AMP, a financial services company, has reached settlements with some insurers regarding legal proceedings for historical remediation programs that ended in 2022. The company has received approximately $44 million from these settlements and continues discussions with other insurers following a recent hearing.

The most recent analyst rating on (AU:AMP) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.

More about AMP

YTD Price Performance: 8.68%

Average Trading Volume: 7,970,537

Technical Sentiment Signal: Buy

Current Market Cap: A$4.28B

For detailed information about AMP stock, go to TipRanks’ Stock Analysis page.

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