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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Just Group Plc | JUST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.60 | 0.99% | 164.00 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 163.00 | 161.40 | 164.40 | 164.00 | 162.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/08/2024 | Interim | GBP | 0.007 | 22/08/2024 | 23/08/2024 | 04/10/2024 |
| 08/03/2024 | Final | GBP | 0.015 | 11/04/2024 | 12/04/2024 | 15/05/2024 |
| 15/08/2023 | Interim | GBP | 0.0058 | 24/08/2023 | 25/08/2023 | 04/10/2023 |
| 07/03/2023 | Final | GBP | 0.0123 | 13/04/2023 | 14/04/2023 | 17/05/2023 |
| 09/08/2022 | Interim | GBP | 0.005 | 18/08/2022 | 19/08/2022 | 02/09/2022 |
| 10/03/2022 | Final | GBP | 0.01 | 21/04/2022 | 22/04/2022 | 17/05/2022 |
| Top Posts |
|---|
Posted at 15/1/2025 13:47 by 18bt 1jat - agree with your views on the alternative funding market, but a slight offsetting factor is that TPR seem to have a definitive view that smaller schemes should be de-risked at the earliest opportunity. JUST is better placed at the smaller end of the market with its ability to quote on multiple deals at once. |
Posted at 15/1/2025 13:38 by 1jat The analysts should be adding 30p to their target price if they are looking one year out.A year ago, I was looking for 150-160 at the 2024 annual results rising to 180-190 in a year’s time. This appears a reasonable outcome. We could see 300p by 2030. The DB market is still looking strong, but there are growing thoughts about alternative funding arrangements that reduce the insurance company profit by returning some value to the scheme sponsor…… |
Posted at 15/1/2025 10:40 by 18bt LONDON BROKER RATINGS:-RBC raises Just Group price target to 190 (175) pence - 'outperform' |
Posted at 15/1/2025 08:48 by 1jat Yes - very strong sales numbers, the effect wont be significant on IFRS profits because they are really based on what is released from the Contract Service Margin. The effect will be seen in the growth of net assets. I expect they will add 30p or more from new business.Need to look at the balance sheet sensitivities to see the effect of economic conditions, but they have continued to diversify assets and thereby desensitise the capital position to individual metrics like interest rates. Looking forward to a strong set of numbers and a significant increase in the dividend (20%). |
Posted at 09/1/2025 10:39 by 18bt Peel Hunt cuts Just Group to 'add' (buy) - price target 170 penceI wonder whether they have done the New Year broker call around or whether this is IM New Year revised positioning following last year's outperformance. |
Posted at 09/1/2025 09:58 by 1jat Down 10% in a couple of days, more diversified competitors (LGEN / MNG / PHNX) are down about 5%.This does seem to be linked with the recent treasury auction, yields going remorsely high on UK Govt debt which is sinking the UK Fiscal position. Talk of more tax rises to pay more interest is not helping. Does that mean much for Just? Interest rates being higher are a good thing as liabilities are discounted but this is countered by market losses on the value of existing bonds - but that passes through the CSM and is amortised over 20-30 years so there should not be much effect on the solvency position although TNAV will be down. As it is trading at such a discount to TNAV this is not a short term issue. My view is - buy more if it falls into the 130s. In the past we have been provided a sales update at the end of January that sets the tone for the results. Sales for 2024 appear to have been strong including the 1.8bn deal they will look good. I have no reason to doubt the FY results will be equally good. |
Posted at 04/12/2024 16:14 by 1jat I am expecting the dividend to grow by 15-20% for the next 5 years possibly with special dividends or buy backs for extras. They are adding about 30p of value to the business each year which will support future payouts for quite some time.When the UK annuities market runs out of steam there will be consolidation and Just is likely to be put into a larger run off entity (eg Phoennix). |
Posted at 01/12/2024 08:19 by 18bt This is from Bearbull in the IC last week. He holds Just in his income portfolio:The one bright spot for the UK portion of the portfolio has been this year’s one home-grown addition – life insurer Just Group (JUST) – which is up 32 per cent since we bought it in early April. To recap: Just was (and still is) benefiting from favourable actuarial shifts, rising in-force profits and strong (if capital-intensive) business growth. Demand from both pension trustees and individual savers for guaranteed retirement incomes is booming. And with each passing year since changing regulatory treatment of lifetime mortgages spooked markets, hitting Just’s shares and capital, investor confidence continues to grow. This confidence might be of the ‘believe it when I see it’ variety. But Just isn’t short of operational momentum. Capital ratios and net asset values continue to build, while the drag from new business is moderate, or being managed with reinsurance. A freshly inked £1.8bn transaction to secure all benefits of G4S’s pension scheme – a record for Just – was both an example of the latter, and suggested the insurer has the balance sheet and commercial relationships to land big deals. In April, I described the shares as a free hit on UK value, and so far the idea is working. However, even though new business is boosting profits, the staggered release of capital, competing demands on cash and a low starting point for distributions mean it will take a few years before Just starts to deliver as an income stream. Although consensus dividend estimates look cautious against fast-rising profits, I’m not expecting much more than a 3 per cent yield against our purchase price in 2025. |
Posted at 23/11/2024 12:59 by 1jat Is the 700m retained from the G4S deal their largest transaction to date? If not it is certainly up there. It should ensure the sales targets for 2024 are met (and the internal adjusted operating profit target).Insurance accounting is complex….this will add to the future value in the CSM uplifting future years profits but may not move the IFRS numbers much for 2024. The capital position is hopefully maintained allowing a 15-20% increase in the dividend. The share price has stabilised around 140p, I would hope it is 150-160 at the full year results. |
Posted at 14/8/2024 08:18 by scrapheap Retirement solutions provider Just Group (JUST) is cheap when the long-term cash it can offer is factored in, says Peel Hunt.Analyst Andreas Van Embden reiterated his ‘hold’ recommendation and target price of 150p on the Citywire Elite Companies + rated stock, which jumped 14.5% to 134.4p on Tuesday after reporting a 44% jump in first-half profits. New business jumped 30% in the first half of the year driven by both bulk annuity and individual annuity sales, and margins on new business were better than anticipated, although Van Embden said they were set to normalise in the second half. ‘The outlook remains positive, with Just Group beating the targets it set in 2021,’ he said. ‘At 1.2 times tangible net asset value, and 0.6 times intrinsic value, we believe the stock remains undervalued relative to the long-term cash it can deliver.’ Van Embden said the market is ‘giving very little credit for the deferred new business profits that we estimate should emerge over time, let alone for the new business to be written.’ |
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