Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) just unveiled an update.
Commonwealth Bank of Australia (CBA) and its related bodies have become substantial holders in Helia Group Ltd, acquiring a 5% voting power through fully paid ordinary shares. This acquisition signifies a strategic move by CBA to potentially influence Helia Group’s decision-making processes, reflecting CBA’s interest in expanding its influence within the financial sector. The acquisition could impact Helia Group’s operations and its stakeholders, as CBA’s involvement may bring changes in governance or strategic direction.
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: 1,820,324
Technical Sentiment Signal: Buy
Current Market Cap: A$1.38B
For a thorough assessment of HLI stock, go to TipRanks’ Stock Analysis page.