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Challenger ( (AU:CGF) ) just unveiled an announcement.
Challenger Limited reported a strong start to FY26 with a 4% increase in total life sales, driven by significant growth in annuity sales. The company is making strategic progress by forming partnerships with superannuation funds and launching new products, such as the ASX listed income notes, LiFTS, to meet the demand for guaranteed retirement income. Despite a decrease in funds under management, Challenger is expanding its offerings and remains well-capitalized, positioning itself for future growth amid upcoming regulatory changes that are expected to benefit the industry and retirees.
The most recent analyst rating on (AU:CGF) stock is a Buy with a A$9.60 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited operates in the financial services industry, focusing on providing retirement income products and solutions. The company is known for its annuities and funds management services, with a market focus on retirement and aged care sectors.
Average Trading Volume: 1,708,066
Technical Sentiment Signal: Buy
Current Market Cap: A$5.99B
See more data about CGF stock on TipRanks’ Stock Analysis page.