Challenger traded at 10.48 this Monday July 27th, increasing 0.04 or 0.38 percent since the previous trading session. Looking back, over the last four weeks, Challenger gained 6.61 percent. Over the last 12 months, its price rose by 30.19 percent. Looking ahead, we forecast Challenger to be priced at 10.23 by the end of this quarter and at 9.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Challenger Limited is an Australia-based investment management company. It operates through two segments: Life and Funds Management. The Life segment focuses on the retirement spending phase of superannuation, which provides products that help customers convert retirement savings into safe and secure income in retirement. The Life segment includes Challenger Life Company Limited (CLC), an life insurance company and is a provider of annuities and guaranteed retirement income products. The Funds Management segment comprises two business divisions: Fidante Partners and Challenger Investment Partners Asset Management (CIPAM). Fidante Partners provides distribution, administration and business support services to the boutique investment managers. CIPAM manages fixed income and commercial real estate, along with providing investment solutions for global and Australian institutions, including CLC.