** Shares of nib Holdings NHF.AX down 4% to A$5.72, on track for a third consecutive session of losses
** Analysts at Citi cut target price for the insurance provider to A$6.45 from A$6.55, retain "neutral" rating
** "nib's new guidance for FY25 UOP of A$235 mln to A$250 mln is lower than both our and VA consensus prior forecasts," says Citi referring to underlying operating profit
** Brokerage revises FY25 UOP forecast to A$247 mln ($161.27 mln)
** Lowers EPS estimates by 6% for FY25 and 0.2% each for FY26 and 27
** Brokerage says nib is confident about reversing its forecast loss of A$10 mln in 1H25 for its New Zealand division through a combination of higher pricing, cost savings and moderation in claims inflation
** Five of 10 analysts rate the stock "buy" and five "hold"; their median PT is A$6.80 – LSEG data
** Stock had fallen 19.4% this year, as of last close
($1 = 1.5316 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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