Tower Ltd (ASX: TWR) Share Price and News

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Tower Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $237.18 million
P/E Ratio 14.04
Dividend Yield 110.66%
Shares Outstanding 379.48 million
Earnings per share 0.049
Dividend per share 0.69
Year To Date Return 71.88%
Earnings Yield 7.12%
Franking N/A
Share Price

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Avg. Volume (1 month)

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as at 24 Feb 3:44pm

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Tower Ltd (ASX: TWR)
Latest News

three building blocks with smiley faces, indicating a rise in the ASX share price
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.

Read more »

group of traders cheering at stock market
Share Market News

ALL ORDINARIES finishes higher Friday: 8 ASX shares you missed

The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished up on Friday, here are 8 ASX shares you missed.

Read more »

Boy looks quizzical standing in front of a graph.
Share Market News

ALL ORDINARIES finishes lower Tuesday: 8 ASX shares you missed

The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Tuesday, here are 8 ASX shares you missed.

Read more »

Share prices down
Share Fallers

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

The Cann Group Ltd (ASX:CAN) share price and the Paradigm Biopharmaceuticals Ltd (ASX:PAR) share price are two of four sinking…

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⏸️ Investing

4 shares you need to watch on Tuesday

The Sirtex Medical (ASX:SRX) share price could receive some attention today

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Insurance
⏸️ Investing

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.

Read more »

Businessman sitting in lotus position on small sand island in sea and looking up, sinking paper boat on right side
⏸️ Investing

Why these 4 ASX shares have sunk lower today

The Domino's Pizza Enterprises Ltd. (ASX:DMP) share price is one of four sinking lower today. Here’s why…

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thumbs down
⏸️ Investing

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

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

Read more »

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
18 Jan 2010 $0.0708 0.00% Final 02 Feb 2010

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. It has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance.

TWR Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
20 May 2022 $0.63 $0.03 5.00% 1,667 $0.61 $0.63 $0.61
19 May 2022 $0.60 $0.00 0.00% 672 $0.60 $0.60 $0.60
17 May 2022 $0.60 $-0.03 -4.80% 19,256 $0.61 $0.61 $0.60
16 May 2022 $0.63 $0.02 3.28% 9,400 $0.63 $0.63 $0.63
13 May 2022 $0.61 $0.00 0.00% 5,021 $0.63 $0.63 $0.61
12 May 2022 $0.61 $0.01 1.65% 3,706 $0.63 $0.63 $0.61
11 May 2022 $0.61 $0.01 1.68% 3,257 $0.62 $0.63 $0.61
09 May 2022 $0.60 $-0.02 -3.28% 20,000 $0.62 $0.64 $0.60
05 May 2022 $0.61 $0.01 1.67% 5,093 $0.60 $0.62 $0.60
04 May 2022 $0.60 $-0.05 -7.75% 4,218 $0.63 $0.65 $0.60
03 May 2022 $0.65 $0.01 1.56% 35,939 $0.62 $0.65 $0.62
29 Apr 2022 $0.64 $0.01 1.57% 2,548 $0.64 $0.65 $0.64
28 Apr 2022 $0.64 $-0.01 -1.56% 5,908 $0.63 $0.66 $0.63
26 Apr 2022 $0.64 $0.01 1.59% 22,512 $0.64 $0.64 $0.64
22 Apr 2022 $0.63 $0.00 0.00% 1,810 $0.63 $0.63 $0.63
21 Apr 2022 $0.63 $0.03 5.00% 5 $0.63 $0.63 $0.63

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
09 Mar 2022 Michael Stiassny Cancelled 69 $49,991
As advised by the company. IN NZD
http://www.aspecthuntley.com.au/asxdata/20220404/pdf/02506553.pdf

Implementation of Tower Limited's capital return to shareholders whereby the company cancelled 1 share for every 10 shares held.
09 Mar 2022 Blair Turnbull Cancelled 41 $29,556
As advised by the company. IN NZD
Implementation of Tower Limited's capital
return to shareholders whereby the company
cancelled 1 share for every 10 shares held
As per announcement on 04-04-2022
09 Mar 2022 Blair Turnbull Cancelled 394 $283
As advised by the company. IN NZD
Implementation of Tower Limited's capital
return to shareholders whereby the company
cancelled 1 share for every 10 shares held
As per announcement on 04-04-2022
09 Mar 2022 Graham Stuart Cancelled 22 $16,200
As advised by the company. IN NZD
Implementation of Tower Limited's
capital return to shareholders whereby
the company cancelled 1 share for
every 10 shares
09 Mar 2022 Warren Lee Cancelled 11 $8,316
As advised by the company. In NZD
Implementation of Tower Limited's capital return to shareholders whereby the
company cancelled 1 share for every 10 shares held.
09 Mar 2022 Warren Lee Cancelled 500 $360
As advised by the company. In NZD
Implementation of Tower Limited's
capital return to shareholders whereby the
company cancelled 1 share for every 10 shares held.
As per announcement on 04-04-2022
09 Mar 2022 Wendy Thorpe Cancelled 1 $1,170
As advised by the company. Implementation of Tower Limited's capital
return to shareholders whereby the company
cancelled 1 share for every 10 shares held
In NZD
As per announcement on 04-04-2022
09 Mar 2022 Marcus Nagel Cancelled 6 $4
As advised by the company. Implementation of Tower Limited's
capital return to shareholders whereby
the company cancelled 1 share for
every 10 shares held
IN NZD

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 Chairman of Ngati Whatua Orakei Whai Rawa Limited and is a director of a number of other companies including Tegel Group Holdings Ltd, and New Talisman Gold Mines Ltd. Mr Stiassny resides in Auckland - New Zealand.

Mr Graham Robert Stuart Non-Executive Director May 2012
Mr Stuart, with over 30 years of senior management experience, has held senior leadership roles with several major corporates, in New Zealand and overseas, the latest being the Sealord Group of which he was Chief Executive Officer for seven years. Mr Stuart has served on a number of government bodies including the Food & Beverage Taskforce and the Maori Economic Development Panel. Mr Stuart resides in Auckland - New Zealand.
Mr Warren John Lee Non-Executive Director May 2015
Mr Lee has experience in the international financial services industry. Mr Lee's two most recent executive positions were Chief Executive Officer of the Victorian Funds Management Corporation and Chief Executive Officer, Australia and New Zealand for AXA Asia Pacific Holdings Limited. Mr Lee is currently a non-executive director of MetLife Limited, MyState Limited, and Avenue Hold Limited. Mr Lee resides in Melbourne - Australia.
Ms Wendy Thorpe Non-Executive Director Mar 2018
Ms Thorpe had an executive career in financial services, leading technology and operations in insurance and wealth management. Her most recent executive role was as Group Executive, Operations for AMP Ltd, and she was previously Chief Operations Officer and Chief Information Officer for AXA in Australia. Ms Thorpe is Chair of Online Education Services, Chair of Epworth Healthcare, and a Non-Executive Director of Ausgrid, and Peoples' Choice Credit Union. Ms Thorpe resides in Melbourne - Australia.
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, Germany's largest Automotive Club, Chairman of the direct insurer, DA Direct, and Chairman of the life insurer, Zurich Deutscher Herold. Prior to that, he also managed the independent financial adviser/broker business for Zurich Global Life. Mr Nagel was nominated by Bain Capital Credit LP (Bain Capital) to represent Bain Capital's stake in Tower (Bain Capital hold 19.99% of Tower's ordinary shares) and his appointment was supported by the Tower Board. Mr Nagel resides in Schindellegi - Switzerland.
Mr Blair Turnbull Chief Executive Officer Aug 2020
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Ms Hannah Snelling Company Secretary Sep 2019
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Ms Rachael Watene Company Secretary Sep 2020
-
Blair Turnbull Chief Executive Officer
-
Hannah Snelling Company Secretary
-
Rachael Watene Company Secretary
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
Dent Issuer Designated Activity Company 84,329,386 19.99%
Accident Compensation Corporation 36,610,998 8.68%
Citibank Nominees (New Zealand) Limited 35,499,067 8.42%
HSBC Nominees (New Zealand) Limited 21,069,189 5.00%
BNP Paribas Nominees (Nz) Limited 17,302,098 4.10%
Lennon Holdings Limited 17,000,000 4.03%
JBWere (NZ) Nominees Limited <NZ RESIDENT A/C> 13,624,405 3.23%
Masfen Securities Limited 12,700,000 3.01%
National Nominees Limited 12,203,496 2.89%
HSBC Nominees (New Zealand) Limited A/C State Street 8,631,529 2.05%
Public Trust 6,450,000 1.53%
BNP Paribas Nominees (NZ) Limited I 4,440,103 1.05%
HSBC Nominees A/C NZ Superannuation Fund Nominees Limited 4,313,483 1.02%
JP Morgan Chase Bank NA NZ Branch - Segregated Clients Acct 3,378,453 0.80%
TEA Custodian Limited Client Property Trust Account 3,228,354 0.77%
Investment Custodial Services Limited 2,969,919 0.70%
Forsyth Barr Custodians Limited 2,659,193 0.63%
Hobson Wealth Custodian Limited 2,486,756 0.59%
JBWere (NZ) Nominees Limited <53329 A/C> 2,076,302 0.49%
Rural Equities Limited 1,912,872 0.45%

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