ICICI Lombard shares: Should you buy, sell, or hold shares post-Q4 results, dividend announcement? Check out share price target

ICICI Lombard share price target, ICICI Lombard Q4 results 2024, ICICI Lombard dividend: The largest private sector general insurer ICICI Lombard reported an 18.9 per cent increase in its March quarter net profit to Rs 520 crore and sounded confident about the industry growth in the new fiscal on Wednesday. In 2023-24, the company reported an 11 per cent growth in the profit after tax at Rs 1,919 crore against Rs 1,729 crore in the year-ago period. Read more on ICICI Lombard Q4 results

Post better than estimated Q4 earnings report, here's what brokerage make of ICICI Lombard shares: 

CLSA has downgraded ICICI Lombard General Insurance to an underperform rating from buy earlier. The brokerage has raised the target on the counter to Rs,1760 from Rs 1,650. 

According to the analysts at the brokerage, a strong rally leaves little room for upside in the counter. "FY24 strong year with 18% YoY growth in premiums & 1.15 ppt YoY improvement in COR," the brokerage said in its note. The brokerage expects premium growth to slow down by 15 per cent in FY25. The management guidance on the motor segment remains tepid, the brokerage added in its note. 

Goldman Sachs has maintained a neutral call on the counter with a raised target of Rs 1,630 from Rs 1,500 earlier. 

Jefferies has retained a buy on the counter with a target of Rs 1,950. Health & commercial lines should lead to a premium compound annual growth rate (CAGR) of 17 per cent over FY24-27. According to Jefferies catastrophe claims are key risks for  ICICI Lombard General Insurance.  

Morgan Stanley has retained an overweight rating with a target of Rs 1,875. The brokerage in its note stated that PAT was 2 per cent below MSe and 4-5 per cent below consensus. However, the brokerage said that management improved its guidance on the F2025 exit combined ratio by 50bp to 101.5 per cent. Trim forecasts while consensus' could rise marginally, Morgan Stanley added in its note. 

HSBC has maintained a buy with a target of Rs 1,990. 

As per HSBC, the firm's Q4 key positives were strong premium growth, market share gains, and sharp improvement in combined ratio (CoR). Management remained optimistic about growth & CoR guidance on the back of improvement in the pricing discipline, the brokerage added in its note. 

Macquarie has retained an underperform rating with a target of Rs 1,100 on the counter.

ICICI Lombard dividend 2024

ICICI Lombard General Insurance announced a final dividend of Rs 6 per equity share with a face value of Rs 10 each. Read more on ICICI Lombard dividend

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