September quarter hospital activity remained subdued, assesses Morgan Stanley from private health insurance statistics, while premium increases due on April 1, 2022, were deferred.

As the premium deferral resulted in membership retention, the broker continues to prefer insurers over hospitals.

For nib Holdings, the Equal-weight rating and $7.50 target are retained.Industry View: In-Line.

Sector: Insurance.

Target price is $7.50.Current Price is $7.22. Difference: $0.28 - (brackets indicate current price is over target). If NHF meets the Morgan Stanley target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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