Fund Manager Summary
The outlook for AUB Group Ltd appears promising, as fund managers believe the company is well-positioned for continued growth. In their opinion, AUB Group, a leading insurance broker in Australia with substantial overseas operations, presents significant growth opportunities. The recent report highlighted double-digit growth in revenue, earnings, and dividends for the half year, reinforcing their confidence in the firm’s performance. Furthermore, the management has reaffirmed expectations for double-digit earnings growth for the full year, indicating a strong operational foundation. Investors should take note of these positive indicators as they reflect AUB Group's robust market position and potential for sustained financial success.
Source: Trading View
Commentary From The Managers
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Pendal Group
3 Nov 2025
$36.43
Summary
- Pendal Group updates its investment thesis on AUB Group Ltd.
- AUB Group received a non-binding indicative bid from EQT at $45 per share.
- The bid represents a 40% premium compared to the undisturbed price.
- EQT has a six-week period for exclusive due diligence.
- The bid supports the view that AUB was materially undervalued.
- Currently, AUB stock is trading at a 20% discount to the bid price.
- This discount reflects the risk that the transaction may not be completed.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Pendal Group
3 Nov 2025
$36.43
- Pendal Group updates its investment thesis on AUB Group Ltd.
- AUB Group received a non-binding indicative bid from EQT at $45 per share.
- The bid represents a 40% premium compared to the undisturbed price.
- EQT has a six-week period for exclusive due diligence.
- The bid supports the view that AUB was materially undervalued.
- Currently, AUB stock is trading at a 20% discount to the bid price.
- This discount reflects the risk that the transaction may not be completed.
Summary
Pendal Group
31 July 2025
$33.93
- AUB Group Ltd experienced a drift in performance over the month.
- Pendal Group sees potential for upside due to revenue growth supported by a positive insurance premium cycle.
- Customer growth is anticipated to contribute positively to revenue.
- Productivity improvements and scale benefits from recent acquisitions are expected to enhance margins.
- The current valuation remains at a discount compared to peers, partly due to the acquisition of Tysers in the UK.
- Successful delivery on targets related to the acquisition can help close the valuation gap.
Summary
Asymmetric Asset Management
28 Feb 2025
$31.03
- AUB Group is recognized as a leading insurance broker in Australia, enhancing its market position.
- The company has significant overseas operations that provide ample growth opportunities.
- Reported a double-digit growth in revenue, earnings, and dividends for the half-year period.
- AUB Group reaffirmed double-digit growth in earnings for the full year.
- Asymmetric Asset Management continues to hold due to strong performance metrics and growth prospects.
Summary
Yarra Capital Management
30 June 2024
$31.38
- AUB Group (AUB, overweight) – the insurance broking business generated positive outcomes in Q2.
- Earnings upgrade supported the stock performance.
- Continued strong premium rate momentum observed along with strong operating performances across AUB’s segments.
- Acquisition of Pacific Indemnity announced in May.
- The agency business is complementary to AUB’s existing operations, promising clear revenue and cost synergies.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With AUB Group’s recent double-digit growth in revenue and earnings, it seems the company is not just weathering the storm but potentially thriving in a competitive landscape. Investors might find intriguing growth opportunities ahead, especially with its expanding international footprint."
Last Updated: 03 Nov 2025
Query The Data
Frequently Asked Questions
Who is investing in AUB Group Ltd (ASX:AUB)?
Fund managers including Asymmetric Asset Management, Yarra Capital Management and Pendal Group have invested in AUB Group Ltd (ASX:AUB).
Why do fund managers invest in AUB Group Ltd?
Fund managers invest in AUB Group Ltd due to its strong performance as a leading insurance broker in Australia, demonstrated by double-digit growth in revenue, earnings, and dividends for the half year. The company's significant overseas operations also present promising growth opportunities, reinforcing expectations for continued earnings growth.
What happened to AUB Group Ltd (ASX:AUB)?
Fund managers are optimistic about AUB Group Ltd due to anticipated revenue growth driven by a favorable insurance premium cycle and customer expansion. Recent acquisitions are expected to enhance productivity and margins. Despite a recent bid from EQT at a significant premium, AUB's shares remain undervalued compared to peers, indicating potential upside as the company works to close this valuation gap.