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
$459.18 million
P/E Ratio
11.86
Dividend Yield
1.94%
Shares Outstanding
379.48 million
Earnings per share
0.111
Dividend per share
0.02
Year To Date Return
91.81%
Earnings Yield
8.43%
Franking
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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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Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 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.
| 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 |
|---|---|---|---|---|---|---|---|
| 20 Nov 2024 | $1.21 | $0.01 | 0.84% | 113,033 | $1.18 | $1.22 | $1.14 |
| 19 Nov 2024 | $1.20 | $-0.01 | -0.83% | 13,515 | $1.21 | $1.21 | $1.16 |
| 18 Nov 2024 | $1.21 | $0.05 | 4.31% | 45,017 | $1.17 | $1.21 | $1.17 |
| 15 Nov 2024 | $1.16 | $-0.01 | -0.85% | 6,088 | $1.20 | $1.20 | $1.16 |
| 14 Nov 2024 | $1.17 | $-0.03 | -2.50% | 3,512 | $1.22 | $1.22 | $1.17 |
| 13 Nov 2024 | $1.20 | $-0.02 | -1.64% | 44,470 | $1.20 | $1.22 | $1.16 |
| 12 Nov 2024 | $1.22 | $-0.01 | -0.82% | 130,832 | $1.21 | $1.22 | $1.17 |
| 11 Nov 2024 | $1.23 | $0.00 | 0.00% | 21,575 | $1.23 | $1.23 | $1.22 |
| 08 Nov 2024 | $1.23 | $0.01 | 0.82% | 144,277 | $1.21 | $1.23 | $1.20 |
| 07 Nov 2024 | $1.22 | $0.03 | 2.53% | 14,446 | $1.19 | $1.22 | $1.19 |
| 06 Nov 2024 | $1.19 | $0.05 | 4.39% | 28,623 | $1.14 | $1.19 | $1.14 |
| 05 Nov 2024 | $1.14 | $-0.05 | -4.22% | 94,436 | $1.16 | $1.16 | $1.14 |
| 04 Nov 2024 | $1.19 | $0.02 | 1.71% | 14,308 | $1.18 | $1.19 | $1.15 |
| 01 Nov 2024 | $1.17 | $-0.05 | -4.10% | 180,231 | $1.21 | $1.21 | $1.15 |
| 31 Oct 2024 | $1.22 | $0.02 | 1.67% | 64,480 | $1.20 | $1.22 | $1.13 |
| 30 Oct 2024 | $1.20 | $0.07 | 6.19% | 22,863 | $1.13 | $1.20 | $1.13 |
| 29 Oct 2024 | $1.13 | $-0.06 | -5.06% | 7,866 | $1.20 | $1.20 | $1.13 |
| 28 Oct 2024 | $1.19 | $0.02 | 1.72% | 1,313 | $1.22 | $1.22 | $1.16 |
| 25 Oct 2024 | $1.17 | $0.01 | 0.87% | 84,979 | $1.16 | $1.19 | $1.15 |
| 24 Oct 2024 | $1.16 | $-0.05 | -4.13% | 66,549 | $1.22 | $1.22 | $1.13 |
| 23 Oct 2024 | $1.21 | $-0.03 | -2.42% | 15,970 | $1.24 | $1.24 | $1.21 |
| 22 Oct 2024 | $1.24 | $-0.01 | -0.80% | 9,705 | $1.27 | $1.27 | $1.24 |
Directors & Management 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.
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| 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
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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, IBM, National Australia Bank and Fisher & Paykel Healthcare. Geraldine is the founder and CEO of MyWave. She is Member of Risk and Appointment Committee.
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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. 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.
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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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| 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 |
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Top Shareholders 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% |
