Tower Ltd (ASX: TWR) Share Price and News

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Tower Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $212.51 million
P/E Ratio 97.09
Dividend Yield 5.61%
Shares Outstanding 379.48 million
Earnings per share 0.018
Dividend per share 0.05
Year To Date Return -13.07%
Earnings Yield 1.03%
Franking -
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as at 24 Feb 3:44pm

  • Tower Ltd (ASX: TWR)
    Latest News

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    Share Market News

    Why the Tower (ASX:TWR) share price is up 4% today

    The Tower Limited (ASX: TWR) share price is up 4.6% today after entering a settlement agreement with Earthquake Commission.

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    Share Fallers

    Why Cann, Novonix, Paradigm, & Tower shares are sinking lower

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    Why Tower Insurance Limited needs to raise capital

    With its recent takeover bid blocked, Tower Limited (Australia) (ASX:TWR) may need to raise capital from investors.

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    Why the Tower Limited (Australia) share price was crushed today

    Tower Limited (Australia) (ASX:TWR) sees takeover bid knocked on the head

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    What next for Tower Limited (Australia) after share price plunges

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    Why I just sold my shares in Tower Insurance Ltd

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    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    17 Jan 2023 $0.0311 0.00% Final 01 Feb 2023
    15 Jun 2022 $0.0192 0.00% Interim 30 Jun 2022
    18 Jan 2022 $0.0198 0.00% Final 02 Feb 2022
    29 Jun 2021 $0.0197 0.00% Interim 14 Jul 2021
    09 Jun 2016 $0.0680 0.00% Interim 30 Jun 2016
    18 Jan 2016 $0.0595 0.00% Final 03 Feb 2016
    10 Jun 2015 $0.0646 0.00% Interim 30 Jun 2015
    20 Jan 2015 $0.0623 0.00% Final 03 Feb 2015
    11 Jun 2014 $0.0503 0.00% Interim 30 Jun 2014
    20 Jan 2014 $0.0473 0.00% Final 03 Feb 2014
    12 Jun 2013 $0.0355 0.00% Interim 01 Jul 2013
    16 Jan 2013 $0.0406 0.00% Final 01 Feb 2013
    13 Jun 2012 $0.0332 0.00% Interim 02 Jul 2012
    18 Jan 2012 $0.0154 0.00% Final 01 Feb 2012
    15 Jun 2011 $0.0307 0.00% Interim 04 Jul 2011
    12 Jan 2011 $0.0463 0.00% Final 25 Jan 2011
    21 Jun 2010 $0.0000 0.00% Interim 02 Jul 2010
    18 Jan 2010 $0.0496 0.00% Final 02 Feb 2010
    26 Jan 2009 $0.0000 0.00% Final 09 Feb 2009
    28 Jan 2008 $0.0448 0.00% Final 05 Feb 2008

    TWR ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Tower Ltd

    Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

    TWR Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    01 Dec 2023 $0.56 $0.01 1.80% 8,269 $0.56 $0.56 $0.56
    30 Nov 2023 $0.56 $-0.01 -1.77% 18,566 $0.56 $0.56 $0.56
    27 Nov 2023 $0.57 $0.01 1.82% 75,918 $0.57 $0.57 $0.57
    23 Nov 2023 $0.55 $-0.02 -3.51% 166,500 $0.57 $0.57 $0.55
    22 Nov 2023 $0.57 $-0.02 -3.42% 4,173 $0.59 $0.59 $0.57
    20 Nov 2023 $0.59 $0.02 3.51% 1,654 $0.57 $0.59 $0.57
    17 Nov 2023 $0.57 $0.00 0.00% 29,192 $0.57 $0.57 $0.57
    16 Nov 2023 $0.57 $0.00 0.00% 15,394 $0.60 $0.60 $0.57
    15 Nov 2023 $0.57 $0.00 0.00% 37 $0.57 $0.57 $0.57
    14 Nov 2023 $0.57 $-0.01 -1.72% 14,980 $0.58 $0.58 $0.56
    13 Nov 2023 $0.58 $0.01 1.75% 4,953 $0.60 $0.60 $0.55
    09 Nov 2023 $0.57 $-0.01 -1.72% 14,901 $0.58 $0.58 $0.57
    08 Nov 2023 $0.58 $0.03 5.45% 30,672 $0.58 $0.58 $0.58
    07 Nov 2023 $0.55 $-0.03 -5.13% 58,972 $0.59 $0.59 $0.55
    06 Nov 2023 $0.59 $-0.01 -1.68% 100,024 $0.60 $0.60 $0.59

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    21 Feb 2023 Geraldine McBride Buy 5,477 $2,984
    On-market trade. As per announcement on 27-02-2023

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Michael Peter Stiassny Non-Executive DirectorNon-Executive Chairman Oct 2012
    Mr Stiassny is a past President of the Institute of Directors. He is Chairman of Ngati Whatua Orakei Whai Rawa Limited and New Zealand Automotive Industries Ltd, and is a director of a number of other companies including Tegel Group Holdings Ltd, and New Talisman Gold Mines Ltd.
    Mr Graham Robert Stuart Non-Executive Director May 2012
    Mr Stuart has over 30 years of senior management experience, Graham has held senior leadership roles with several corporates, in New Zealand and overseas, the latest being the Sealord Group of which he was Chief Executive Officer for seven years.
    Ms Geraldine Celia McBride Non-Executive Director Oct 2022
    Ms McBride has governance and technology industry experience, having performed Board and senior leadership roles both in New Zealand and internationally, with Sky Network Television Limited, SAP, Dell and IBM. Geraldine is the founder and CEO of MyWave.
    Mr Marcus Nagel Non-Executive Director Jan 2019
    Mr Nagel has insurance industry experience. For a decade he has performed senior leadership roles for Zurich in Europe and globally. In his last role at Zurich, he served as the Chief Executive Officer of Zurich Germany managing both life insurance and general insurance businesses. He has also held the position of Vice Chairman of the joint venture with ADAC.
    Mr Michael(Mike) John Cutter Non-Executive Director Nov 2023
    Mr Cutter has governance and executive experience in the financial services sector across New Zealand, Australia, Asia and Europe. He is currently the Chair of Arteva Funding, a non executive Director of Sezzle and Pepper Money and, is a co-founder of credit risk management consultancy, Kadre. Most recently, Mr Cutter served as interim managing director for Bambora Australia and group managing director for Equifax ANZ. Previously, he served several Australian-based boards including Womes Cancer Foundation, Ovarian Cancer Institute, Australian Finance Congress, National Insurance Brokers Association and the Australian Retail Credit Association. Prior executive roles include CEO of OAMPS Insurance Brokers (now Gallagher), GE Money Australia and New Zealand and, CRO of ANZ Australia.
    Mr Blair Turnbull Chief Executive Officer Aug 2020
    -
    Ms Hannah Snelling Company Secretary Sep 2019
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    Ms Rachael Watene Company Secretary Sep 2020
    -
    Steve Wilson Chief Claims Officer
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    Greg Moore Chief Digital and Data Officer
    -
    Blair Turnbull Chief Executive Officer
    -
    Paul Johnston Chief Financial Officer
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    Hannah Snelling Company Secretary
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    Rachael Watene Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Dent Issuer Designated Activity Company 75,896,447 20.00%
    Accident Compensation Corporation NZCSD <AC40> 36,318,045 9.57%
    Citibank Nominees (New Zealand) Limited NZCSD <CNOM90> 31,063,105 8.19%
    National Nominees Limited NZCSD <NNLZ90> 16,060,989 4.23%
    Lennon Holdings Limited 15,800,000 4.16%
    HSBC Nominees (New Zealand) Limited NZCSD <HKBN90> 14,499,664 3.82%
    BNP Paribas Nominees (NZ) Limited NZCSD <BPSS40> 13,959,307 3.68%
    Masfen Securities Limited 11,430,000 3.01%
    JBWere (NZ) Nominees Limited <NZ RESIDENT A/C> 11,090,058 2.92%
    HSBC Nominees (New Zealand) Limited A/C State Street NZCSD <HKBN45> 7,762,443 2.05%
    Public Trust NZCSD <THE ASPIRING FUND> 6,125,000 1.61%
    JP Morgan Chase Bank NA NZ Branch Segregated Clients Acct NZCSD <CHAM24> 6,116,713 1.61%
    BNP Paribas Nominees (NZ) Limited NZCSD 4,162,056 1.10%
    Investment Custodial Services Limited <A/C C> 3,512,373 0.93%
    TEA Custodian Limited Client Property Trust Account NZCSD <TEAC40> 3,027,220 0.80%
    HSBC Nominees A/C NZ Superannuation Fund Nominees Limited NZCSD <SUPR40> 2,971,425 0.78%
    Rural Equities Limited 2,025,000 0.53%
    New Zealand Depository Nominee Limited <A/C 1 CASH ACCOUNT> 1,956,528 0.52%
    Hobson Wealth Custodian Limited <RESIDENT CASH ACCOUNT> 1,945,628 0.51%
    Forsyth Barr Custodians Limited <1 CUSTODY> 1,779,617 0.47%

    Profile

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