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 $284.61 million
P/E Ratio 7.38
Dividend Yield 3.10%
Shares Outstanding 379.48 million
Earnings per share 0.111
Dividend per share 0.02
Year To Date Return 37.47%
Earnings Yield 13.56%
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as at 24 Feb 3:44pm

  • Tower Ltd (ASX: TWR)
    Latest News

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    1 ASX stock to consider buying that could be the next Brickworks

    This company has great long-term potential, in my opinion.

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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 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.

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    ALL ORDINARIES finishes lower Tuesday: 8 ASX shares you missed

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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

    The Tower Limited (Australia) (ASX:TWR) share price has plunged after the Suncorp Group Ltd (ASX:SUN) takeover was denied by the…

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    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    12 Jun 2024 $0.0236 0.00% Interim 27 Jun 2024
    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
    14 Jun 2024 $0.75 $-0.01 -1.32% 43,920 $0.77 $0.77 $0.75
    13 Jun 2024 $0.76 $0.01 1.32% 1,184 $0.76 $0.76 $0.76
    12 Jun 2024 $0.76 $-0.04 -5.03% 2,001 $0.77 $0.77 $0.75
    11 Jun 2024 $0.80 $0.03 3.90% 136,845 $0.80 $0.80 $0.78
    07 Jun 2024 $0.77 $0.01 1.31% 2 $0.77 $0.77 $0.77
    06 Jun 2024 $0.77 $0.01 1.32% 17,793 $0.77 $0.77 $0.77
    05 Jun 2024 $0.76 $0.00 0.00% 112,534 $0.76 $0.77 $0.76
    04 Jun 2024 $0.76 $-0.02 -2.58% 211,881 $0.78 $0.78 $0.76
    03 Jun 2024 $0.78 $0.01 1.31% 15,934 $0.77 $0.78 $0.77
    31 May 2024 $0.77 $-0.01 -1.30% 236,375 $0.79 $0.79 $0.77
    30 May 2024 $0.77 $-0.02 -2.55% 83,601 $0.79 $0.79 $0.76
    29 May 2024 $0.79 $0.04 5.33% 1,149,563 $0.76 $0.79 $0.75
    28 May 2024 $0.75 $0.01 1.34% 38,266 $0.76 $0.77 $0.75
    27 May 2024 $0.75 $0.02 2.74% 18,108 $0.73 $0.75 $0.73
    24 May 2024 $0.73 $0.02 2.80% 12,228 $0.72 $0.73 $0.72
    23 May 2024 $0.72 $0.00 0.00% 4,160 $0.72 $0.73 $0.72
    22 May 2024 $0.72 $-0.01 -1.38% 893 $0.73 $0.73 $0.72
    21 May 2024 $0.73 $-0.01 -1.36% 346 $0.73 $0.73 $0.73
    20 May 2024 $0.74 $0.02 2.80% 18,018 $0.71 $0.74 $0.69
    17 May 2024 $0.72 $0.02 2.86% 27,186 $0.72 $0.72 $0.71
    16 May 2024 $0.70 $-0.02 -2.80% 64,737 $0.72 $0.72 $0.68

    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 has enjoyed a high profile governance career and is currently Chairman of 2 Cheap Cars Group Limited, and director of Momentum Life Insurance Limited, Tegel Group Holdings Limited, and New Talisman Gold Mines Limited. With a keen interest in fostering successful next generation New Zealand businesses, Michael also dedicates time to start ups and championing entrepreneurship through his involvement in Founders Advisory.
    Mr Graham Robert Stuart Non-Executive Director May 2012
    Mr Stuart is an experienced Director, with over 30 years' experience in governance roles in New Zealand and internationally. He is currently the Chair of NorthWest Healthcare Property Management Limited and Comhla Vet Limited and, a Director of VinPro Limited. Previous executive roles include Sealord Group CEO, Fonterra Co-operative Group CFO and Director of Strategy and, Lion Nathan International Managing Director. He has served on multiple Government bodies including the Food & Beverage Taskforce, Maori Economic Development Panel and as Chair of the Lincoln Hub Establishment Board
    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, IBM, National Australia Bank and Fisher & Paykel Healthcare. Geraldine is the founder and CEO of MyWave. She is Member of Risk and Appointment Committee.
    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. Marcus was nominated by Bain Capital Credit LP (Bain Capital) to represent Bain Capital's stake in Tower (Bain Capital hold 20.00% of Tower's ordinary shares) and his appointment was supported by the Tower Board. He is Member of Risk and Appointment Committee.
    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
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    Ms Hannah Snelling Company Secretary Sep 2019
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    Ms Rachael Watene Company Secretary Sep 2020
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    Andrew Hambleton Chief Administrative Officer
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    Steven Wilson Chief Claims Officer
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    Anna Kooperberg Chief Customer Experience Officer
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    Kieran Simmons Chief Customer Experience Officer
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    Blair Turnbull Chief Executive Officer
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    Paul Johnston Chief Financial Officer
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    Michelle Finch Chief Revenue Marketing and Brand Officer
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    Sharyn Reichstein Chief Risk Officer
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    Ronald Mudaliar Chief Underwriting 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%
    Citibank Nominees (New Zealand) Limited NZCSD <CNOM90> 47,507,398 12.52%
    Accident Compensation Corporation NZCSD <ACCI40> 34,040,321 8.97%
    Pacific International Insurance Pty Limited 22,072,615 5.82%
    Lennon Holdings Limited 16,200,000 4.27%
    BNP Paribas Nominees (NZ) Limited NZCSD <BPSS40> 13,858,232 3.65%
    Masfen Securities Limited 13,430,197 3.54%
    HSBC Nominees (New Zealand) Limited NZCSD <HKBN90> 11,714,723 3.09%
    JBWere (NZ) Nominees Limited <NZ RESIDENT A/C> 7,921,421 2.09%
    HSBC Nominees (New Zealand) Limited A/C State Street NZCSD <HKBN45> 7,758,895 2.04%
    Investment Custodial Services Limited <A/C C> 5,415,647 1.43%
    Public Trust NZCSD <THE ASPIRING FUND> 4,725,000 1.25%
    JP Morgan Chase Bank NA NZ Branch Segregated Clients ACCT NZCSD <CHAM24> 3,778,374 1.00%
    Tea Custodians Limited Client Property Trust Account NZCSD <TEAC40> 2,988,997 0.79%
    Bnp Paribas Nominees (Nz) Limited Nzcsd 2,536,016 0.67%
    New Zealand Depository Nominee Limited <A/C 1 CASH ACCOUNT> 2,185,275 0.58%
    Hobson Wealth Custodian Limited <RESIDENT CASH ACCOUNT> 1,920,963 0.51%
    HSBC Nominees A/C NZ Superannuation Fund Nominees Limited NZCSD <SUPR40 1,660,618 0.44%
    Custodial Services Limited <A/C 4> 1,623,315 0.43%
    Fnz Custodians Limited 1,493,545 0.39%

    Profile

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