Tower Ltd (ASX: TWR) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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1 Year Return
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
-
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Tower Ltd (ASX: TWR)
Latest News
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Share Fallers
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Why the Tower Limited (Australia) share price was crushed today
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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.
| 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| 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.
| 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
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Directors & Management 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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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| Steve Wilson | Chief Claims Officer |
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| Greg Moore | Chief Digital and Data Officer |
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| Blair Turnbull | Chief Executive Officer |
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| Paul Johnston | Chief Financial Officer |
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| Hannah Snelling | Company Secretary |
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| Rachael Watene | Company Secretary |
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Top Shareholders 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% |
