Steadfast Trying to Reassure Investors Over Surprise Exit -- Market Talk

Dow Jones

Mar 26, 2025

2245 GMT [Dow Jones]--Steadfast's bull at Goldman Sachs sees the Australian insurance broker's investor day as an attempt to ease any shareholders' concerns around succession planning. Analyst Julian Braganza tells clients in a note that the company showcased the strength of its management bench in response to the departure due to personal priorities of Chief Operating Officer Nigel Fitzgerald. Braganza says that Fitzgerald would probably have been the next CEO had he stayed. He adds that Steadfast's broking leader, Tim Mathieson, previously grew Australian insurer QIB both organically and through acquisitions. GS has a buy rating and A$6.50 target price on the stock, which is at A$5.77 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 25, 2025 18:51 ET (22:51 GMT)

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Analyst Julian Braganza tells clients in a note that the company showcased the strength of its management bench in response to the departure due to personal priorities of Chief Operating Officer Nigel Fitzgerald. Braganza says that Fitzgerald would probably have been the next CEO had he stayed. He adds that Steadfast's broking leader, Tim Mathieson, previously grew Australian insurer QIB both organically and through acquisitions. GS has a buy rating and A$6.50 target price on the stock, which is at A$5.77 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2025 18:51 ET (22:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Steadfast Trying to Reassure Investors Over Surprise Exit -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSteadfast Trying to Reassure Investors Over Surprise Exit -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-26 06:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2245 GMT [Dow Jones]--Steadfast's bull at Goldman Sachs sees the Australian insurance broker's investor day as an attempt to ease any shareholders' concerns around succession planning. Analyst Julian Braganza tells clients in a note that the company showcased the strength of its management bench in response to the departure due to personal priorities of Chief Operating Officer Nigel Fitzgerald. Braganza says that Fitzgerald would probably have been the next CEO had he stayed. He adds that Steadfast's broking leader, Tim Mathieson, previously grew Australian insurer QIB both organically and through acquisitions. GS has a buy rating and A$6.50 target price on the stock, which is at A$5.77 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2025 18:51 ET (22:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522834473","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522834473","pubTimestamp":1742943060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2245 GMT [Dow Jones]--Steadfast's bull at Goldman Sachs sees the Australian insurance broker's investor day as an attempt to ease any shareholders' concerns around succession planning. 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Analyst Julian Braganza tells clients in a note that the company showcased the strength of its management bench in response to the departure due to personal priorities of Chief Operating Officer Nigel Fitzgerald. Braganza says that Fitzgerald would probably have been the next CEO had he stayed. He adds that Steadfast's broking leader, Tim Mathieson, previously grew Australian insurer QIB both organically and through acquisitions. GS has a buy rating and A$6.50 target price on the stock, which is at A$5.77 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2025 18:51 ET (22:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}