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Hastings Insurance

 

Buy Hastings Insurance shares

HASTINGS INSURANCE (HSTG) Shares

ABOUT HASTINGS INSURANCE

Hastings Insurance Services Ltd is a UK personal lines insurance broker that services customers online and by phone.

It is part of the Hastings Group, a UK public limited company. They provide car, bike, van and home insurance, as well as a range of ancillary products and services such as breakdown cover, personal accident, substitute vehicle and key and legal cover.

The company has headquarters in East Sussex, United Kingdom and was established as “Hastings Direct” in 1997.

It was acquired by Insurance Australia Group in 2006 and then by its management in 2009. They also have a second call centre in Leicester.

OVERVIEW OF HASTINGS INSURANCE

  • Hastings Insurance Services trades under the Hastings Direct, Hastings Premier, Hastings Essential, SmartMiles, People’s Choice and InsurePink brands.

  • In 2012, the company launched a usage-based insurance product under the Hastings Direct SmartMiles brand which comprises a telematics device fitted to the insured vehicle.

  • The group operates as an insurance provider with two separate businesses. The retail business, Hastings Insurance Services Limited, is responsible for the end customer pricing, fraud management, product design, distribution and management of customer relationships.

  • The group’s underwriting business, Advantage Insurance Company Limited, engages in risk selection, technical pricing, reserving and claims handling.

  • The business model deliberately separates underlying product manufacturing from distribution.

VISION & VALUES OF HASTINGS INSURANCE

  • Hastings Insurance Services is committed to making sure that its workforce and the respective company boards are representative in terms of diversity.
  • Candidates from a wide range of backgrounds, disciplines and experience are considered. The Group ensures that the best candidate is selected.
  • Its approach to corporate responsibility is simple: they serve and invest in colleagues, customers and communities and strive to be good neighbours. Value systems revolve around their “4Cs way of working” being getting it right for Colleagues, Customers, Company and Community.
  • They continually invest in supporting colleagues and act on their feedback; the digitally focused business is built for the way customers want to buy and manage their insurance; the company’s data, technology and digital capability supports its future growth and continued success; and they invest and play an active part in local communities.
  • Hastings Insurance Services uses these values to ensure the organisation meet the current and future needs of their customers and shareholders who purchase shares with the company.

MARKET PERFORMANCE OF HASTINGS INSURANCE

  • Hastings Insurance Services’s shares are traded on the Financial Times Stock Exchange (FTSE) under the stock symbol HSTG.

  • Its interim results for the six months ended June 2019 showed growth in live customer policies to 2.81 million, increasing 4% since December 2018.

  • Its adjusted operating profit was £ 59.7m compared to £ 90.5m for the six months to 30 June 2018. Profit after tax for the six months was £ 38.2m.

  • Revenue for 2018 was £ 756.4 million, operating income £ 190.6 million and net income £ 130.6 million.

Buy HASTINGS INSURANCE stocks / shares – A Step by Step Guide how to Buy / Purchase HASTINGS INSURANCE Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy HASTINGS INSURANCE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN HASTINGS INSURANCE STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE HASTINGS INSURANCE STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of HASTINGS INSURANCE stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy HASTINGS INSURANCE stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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