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An announcement from Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) is now available.
Genworth Mortgage Insurance Australia Ltd has announced that the Commonwealth Bank of Australia (CBA) and its related bodies corporate have become substantial holders in Helia Group Ltd, holding a total of 13,711,621 fully paid ordinary shares, which represents a 5.03% voting power. This development indicates a significant investment and potential influence by CBA in Helia Group Ltd, which could impact the company’s strategic decisions and market positioning, as well as affect stakeholders’ interests.
The most recent analyst rating on (AU:HLI) stock is a Sell with a A$3.60 price target. To see the full list of analyst forecasts on Genworth Mortgage Insurance Australia Ltd stock, see the AU:HLI Stock Forecast page.
More about Genworth Mortgage Insurance Australia Ltd
Average Trading Volume: 1,783,280
Technical Sentiment Signal: Buy
Current Market Cap: A$1.43B
For detailed information about HLI stock, go to TipRanks’ Stock Analysis page.