Tower Ltd (ASX: TWR) Share Price and News

Price

$1.28

Movement

0.025 (+1.99%)

as at 9 May - Closed (20 mins delayed)

52 Week Range

$0.6775 - $1.38

 
1 Year Return

+75.34%

Tower Ltd Chart and Price Data

2025
2025
2025
2025
$1.00
$1.25
$1.50
$1.00
$1.25
$1.50
$1.00
$1.25
$1.50
$1.00
$1.25
$1.50

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $438.47 million
P/E Ratio 6.55
Dividend Yield 6.45%
Shares Outstanding 341.54 million
Earnings per share 0.187
Dividend per share 0.08
Year To Date Return 88.89%
Earnings Yield 15.26%
Franking -
Share Price

$1.28

Day Change

0.025 (+1.99%)

52 Week Range

$0.6775 - $1.38

Yesterday's Close

$1.255

Today's Open

$1.255

Days Range

$1.255 - $1.29

Volume

3,318

Avg. Volume (1 month)

19,965

Turnover

$4,231

as at 9 May - Closed

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  • Tower Ltd (ASX: TWR)
    Latest News

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    Share Gainers

    Why Arizona Lithium, Bapcor, Race Oncology, and Tower shares are pushing higher

    These shares are starting the week strongly on Tuesday.

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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.

    Read more »

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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

    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.

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    Share Fallers

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

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    4 shares you need to watch on Tuesday

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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 these 4 ASX shares have sunk lower today

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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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    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    15 Jan 2025 $0.0496 0.00% Final 30 Jan 2025
    12 Jun 2024 $0.0233 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
    28th Apr 2025 2025-04-28T07:30:44 AM Best affirms Tower Ltd's A-(Excellent) FSRYesNo7:30am166k
    22nd Apr 2025 2025-04-22T07:30:19 Tower Updates FY25 GuidanceYesNo7:30am257k
    17th Apr 2025 2025-04-17T07:30:28 Capital Return - ATO Class Ruling ObtainedYesNo7:30am2181k
    7th Apr 2025 2025-04-07T14:58:16 Tower Half year 2025 Results DateYesNo2:58pm1119k
    3rd Apr 2025 2025-04-03T08:43:03 Disclosure of ceasing to have substantial holdingYesNo8:43am283k
    3rd Apr 2025 2025-04-03T07:31:22 Becoming a substantial holderYesNo7:31am376k
    2nd Apr 2025 2025-04-02T13:38:02 Change in substantial holdingYesNo1:38pm279k
    1st Apr 2025 2025-04-01T10:20:30 Ongoing Disclosures - variousYesNo10:20am21188k
    1st Apr 2025 2025-04-01T09:20:20 SPH Notice - Change in nature of relevant interestYesNo9:20am16493k
    1st Apr 2025 2025-04-01T09:19:50 Bain Capital sell-down allocatedYesNo9:19am148k

    About Tower Ltd

    Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance, and among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives the majority of its revenue from the New Zealand segment.

    TWR Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    09 May 2025 $1.28 $0.03 2.39% 3,318 $1.26 $1.29 $1.26
    08 May 2025 $1.26 $0.00 0.00% 12,979 $1.26 $1.28 $1.26
    07 May 2025 $1.26 $0.00 0.00% 6,890 $1.25 $1.28 $1.25
    06 May 2025 $1.25 $0.00 0.00% 11,063 $1.26 $1.27 $1.25
    05 May 2025 $1.25 $0.00 0.00% 30,544 $1.25 $1.28 $1.25
    02 May 2025 $1.25 $0.01 0.81% 10,023 $1.23 $1.25 $1.23
    01 May 2025 $1.24 $-0.02 -1.59% 76,257 $1.26 $1.26 $1.20
    30 Apr 2025 $1.26 $0.02 1.61% 8,857 $1.24 $1.26 $1.23
    29 Apr 2025 $1.24 $0.02 1.64% 21,963 $1.23 $1.25 $1.23
    28 Apr 2025 $1.22 $-0.04 -3.17% 26,597 $1.26 $1.27 $1.21
    24 Apr 2025 $1.26 $-0.05 -3.80% 5,509 $1.32 $1.32 $1.25
    23 Apr 2025 $1.32 $0.02 1.55% 10,006 $1.29 $1.32 $1.27
    22 Apr 2025 $1.29 $0.01 0.78% 20,954 $1.32 $1.32 $1.29
    17 Apr 2025 $1.29 $-0.02 -1.54% 15,282 $1.26 $1.30 $1.26
    16 Apr 2025 $1.30 $0.00 0.00% 27,252 $1.30 $1.30 $1.28
    15 Apr 2025 $1.30 $0.02 1.56% 8,284 $1.28 $1.30 $1.28
    14 Apr 2025 $1.28 $0.01 0.78% 38,485 $1.28 $1.29 $1.27
    11 Apr 2025 $1.28 $0.02 1.59% 24,448 $1.26 $1.30 $1.26

    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 past President of the Institute of Directors. Michael has had a 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 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. Michael resides in Auckland - New Zealand. He is member of risk committee and chair of People and Appointment Committee.
    Mr Graham Robert Stuart Non-Executive Director May 2012
    Mr Stuart is an experienced Director, with over 30 years of 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 Government bodies including the Food & Beverage Taskforce, Maori Economic Development Panel and as Chair of the Lincoln Hub Establishment Board. He is member of risk committee and People and Appointment Committee.
    Ms Geraldine Celia McBride Non-Executive Director Oct 2022
    Ms McBride has governance and technology industry experience, having performed Board and senior leadership roles in New Zealand and internationally, with Sky Network Television Limited, SAP, Dell, IBM, National Australia Bank and Fisher & Paykel Healthcare. She is the founder and CEO of MyWave. She resides in Christchurch - New Zealand. She is chair of risk committee and People and Appointment Committee.
    Mr Marcus Nagel Non-Executive Director Jan 2019
    Mr Nagel has insurance industry experience. 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. Marcus resides in Schindellegi - Switzerland. He is member of risk committee and People and Appointment Committee.
    Mr Michael(Mike) John Cutter Non-Executive Director Nov 2023
    Mr Cutter has experience in a range of financial services businesses in Australia, New Zealand, Asia and Europe. He is the Chair of Arteva Funding and Fairway Group Limited, and a Non-Executive Director of Pepper Money. He is the co-founder of Kadre, a credit risk management consultancy. Mike has recently served as interim Managing Director for Bambora Aus and was previously the Group Managing Director for Equifax ANZ. Before this he held senior roles with GE, ANZ, Wesfarmers/OAMPS Insurance Brokers, Halifax/BankOne and NAB. He has served on the Boards of the Women's Cancer Foundation, Ovarian Cancer Institute, the Australian Finance Congress, the National Insurance Brokers Association and the Australian Retail Credit Association. Mike resides in Melbourne - Australia. He is member of risk committee and People and Appointment Committee.
    Mr Paul Johnstone Interim CEO Feb 2025
    -
    Ms Hannah Snelling Company Secretary Sep 2019
    -
    Ms Rachael Watene Company Secretary Sep 2020
    -
    Andrew Hambleton Chief Administrative Officer
    -
    Steven Wilson Chief Claims Officer
    -
    Anna Kooperberg Chief Customer Experience Officer
    -
    Paul Johnston Chief Financial Office
    -
    Michelle Finch Chief Revenue Marketing and Brand Officer
    -
    Sharyn Reichstein Chief Risk Officer
    -
    Ronald Mudaliar Chief Underwriting Officer
    -
    Johannah Benton Co Chief Data Digital Officer (Acting)
    -
    Liz Cawson Co Chief Data Digital Officer (Acting)
    -
    Hannah Snelling Company Secretary
    -
    Rachael Watene Company Secretary
    -
    Paul Johnstone Interim CEO
    -

    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%
    Masfen Securities Limited 13,430,197 3.54%
    HSBC Nominees (New Zealand) Limited NZCSD <HKBN90> 11,714,723 3.09%
    HSBC Custody Nominees (Australia) Limited 9,430,160 2.48%
    Forsyth Barr Custodians Limited <1 Custody> 8,857,241 2.33%
    MMC Queen Street Nominees Limited ACF Salt Long Short Fund NZCSD <Salt Long Short Fund> 8,296,928 2.19%
    JBWere (NZ) Nominees Limited <NZ RESIDENT A/C> 7,921,421 2.09%
    MMC Queen Street Nominees Ltd ACF Salt Funds Management <Salt Funds Management> 6,192,201 1.63%
    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%
    Custodial Services Limited <A/C 4> 1,623,315 0.43%
    JBWere (NZ) Nominees Limited <NR USA A/C> 1,343,344 0.35%

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