Participation Munich Re from 213 to 230 euros. In the last few days, the paper has returned to the upper limit. It remains to be seen whether it will be possible to break up in the near future. Stock analysts recently spoke positively about the reinsurer. However, the volatile situation across the market is holding back any recovery efforts. However, the current uncertainty also brings with it interesting possibilities.
The reinsurer provided surprisingly good data for the first quarter of 2022. Both the increase in profit and the increase in the premium volume exceeded the expectations of market participants. Consequently, the annual premium forecast has already been increased. The combined ratio fell to 91.3 percent. This measure is closely watched by market participants. A value below 100 percent means that your premium is higher than your claims expenses. The lower the ratio, the higher the profit. Insurance group worth over 100% generates a loss in this area. For the full year, the Group expects a combined ratio of approximately 94 percent.
Nevertheless, the challenges for the coming months remain high. Thus, about a year and a half ago, CEO Joachim Wenning formulated the strategic plan “Ambition 2025”. The purpose of the plan is, inter alia, broadening the core business, increasing investment results and developing new strategic options. This should result in a return of 12 to 14 percent. In the first quarter, it was 9.8 percent.
Wenning has not been idle. Munich Re has taken care of that in recent weeks. again and again in the headlines. The group entered the CO2 certification business through its new subsidiary Tree Trust. Projects in the field of artificial intelligence are also of high priority. Recently, the company and its partners set up a technology company dealing with the development of risk profiles in the motor insurance sector. As the first European issuer, Munich Re recently placed a green bond in the US.
The shares are currently trading at PER 10.8 with a dividend yield of 4.9%. Given the solid data and moderate valuation, most analysts now classify Munich Re stocks as worth holding or even buying. Nevertheless, the market as a whole is currently quite volatile. This can lead to further failure.
Chart: Munich Re
Resistance levels: 230.25 / 243.30 / 246.60 EUR
Support sign: EUR 213.70 / 220.30
Munich Re’s shares have ranged from € 213 to € 230 since early May. In recent days, action has moved to the upper half of the corridor and is targeting a resistance of € 230. If the range break is successful, there is a chance of a rebound to 243.30 / 246.60 EUR (maximum in March). On the underside, the paper now finds a solid support around 213 euros.
Munich Re. in euro; Daily chart (1 candle = 1 day)
Period of observation: 02/26/2021 – 06/29/2022. Historical observations are not reliable indicators of future events. Source: tradingdesk.onemarkets.de
Munich Re. in euro; Daily chart (1 candle = 1 day)
Period of observation: June 30, 2014 – June 29, 2020. Historical observations are not reliable indicators of future events. Source: tradingdesk.onemarkets.de
HVB Reverse Convertible Bond Protect on Munich Re shares. for speculating that stocks are moving sideways or moderately upwards
||interest||Final valuation date|
|Munich Re.||HVB6UB *||100 percent*||80 percent ***||7.8 percent||12/07/2023|
* Subscription period until 07/14/2022 (early closing possible); ** nominal amount; *** x Reference Price on the Initial Observation Date; Source: HypoVereinsbank onemarkets; Status: 06/29/2022; 12:05
Certificate of limiting the premium on Munich Re shares. for speculating that stocks are moving sideways or moderately upwards
|Essential||WKN||Sale price in EUR||Barrier in EUR||Limit (upper price limit) in EUR||Final valuation date|
|Munich Re.||HB6BTD||309.10||165.00||375.00||June 16, 2023|
Source: HypoVereinsbank onemarkets; Status: 06/29/2022; 12:00
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This information does not constitute investment advice, but an advertisement. The public offering is made solely on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus should not be interpreted as a recommendation to buy these securities from UniCredit Bank AG. The prospectus containing all supplements and final terms are authoritative only. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities involved in making an investment decision. You are about to buy a product that is not simple and may be difficult to understand.
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Munich Re Contribution – Moderately Rated. Technically within reach! it first appeared on the onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Richard Pathenhauer