Muenchener Rueckversicherungs-Gesellschaft AG

Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
  • Ticker843002
  • ISINDE0008430026
  • SectorNonlife Insurance
  • CountryGermany

Analysts

1 director sold

A director at Munchener Ruckversicherungs AG sold 2,000 shares at 224.500EUR and the significance rating of the trade was 85/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

Research Department

INFORME DIARIO 02 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BBVA, CELLNEX, DURO FELGUERA, MEDIASET, RED ELECTRICA, SANTANDER, SECTOR RENOVABLES ESPAÑA. EUROPA: MUNICH RE, VIVENDI Bolsas ganando altura Las bolsas mantuvieron las subidas una vez que el riesgo político en Italia se ha frenado con la formación de gobierno, las negociaciones comerciales entre China y EE.UU. parecen más encarriladas y el Brexit se mantiene a la espera. Así en el Euro STOXX los ganadores de las subidas fueron Inmobiliario y S. Financieros (los de peor comportamiento en la semana) frente a las caídas de Bancos y Media que cerró...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/08/2019

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/08/2019

...

Munich Re

Research Department

INFORME DIARIO 02 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BBVA, CELLNEX, DURO FELGUERA, MEDIASET, RED ELECTRICA, SANTANDER, SECTOR RENOVABLES ESPAÑA. EUROPA: MUNICH RE, VIVENDI Bolsas ganando altura Las bolsas mantuvieron las subidas una vez que el riesgo político en Italia se ha frenado con la formación de gobierno, las negociaciones comerciales entre China y EE.UU. parecen más encarriladas y el Brexit se mantiene a la espera. Así en el Euro STOXX los ganadores de las subidas fueron Inmobiliario y S. Financieros (los de peor comportamiento en la semana) frente a las caídas de Bancos y Media que cerró...

Roland Pfaender

Munich Re : Strong headline figures but slightly soft underlying results in reinsurance

>Q2 2019 results with strong headline figures but underlying quality disappoints somewhat in reinsurance - Munich Re reported a healthy net profit of € 993m, in line with estimates and close to the pre-released number of ~€ 1bn. Underlying earnings quality was a bit soft in P/C reinsurance and L/H reinsurance, while ERGO came in better than expected. Munich Re is on track to reach its full-year 2019 guidance for net profit of € 2.5bn (H1 2019: € 1.6bn). We have lowere...

Esther Castro

MUNICH RE: MENSAJES DE LA CONFERENCE CALL RDOS. 2T19 (ANÁLISIS BANCO SABADELL)

Los principales mensajes de la Conference Call han sido los siguientes:  La Compañía continuará empleando su exceso de liquidez en inversiones que continúen contrarrestando los bajos tipos de interés y proteger así la tasa de reinversión en referencias actuales (2,2% y repuntando incluso vs 1T’19). Dicho esto, matizan que la consecución de un guindance de RoI>3% continúa siendo un desafío aunque confían en sus posiciones de derivados y plusvalías latentes de cartera así como la diversificación de inversiones por geografías y con mayor exposición a Corporates. Todo ello hace tener una perspect...

Esther Castro

MUNICH RE: RDOS. 1S19 (ANÁLISIS BANCO SABADELL)

Ha presentado Rdos. por encima de lo esperado a nivel operativo en todos sus negocios (Reaseguro y Seguro Directo) tanto por nivel técnico (por mejor ratio combinado -RC- al esperado) como por mejor evolución del Rdo. Financiero. Reaseguro No vida. El ratio combinado de 2T’19 se sitúa en un 87,7% (vs 88,8% de consenso) gracias a las menores grandes catástrofes, 4,1% en términos de RC y de mayor liberación de reservas (+7,3% en términos de RC y vs 4% de media estructural). Así el RC normalizado asciende en 2T’19 a 98,9% por lo que el guidance’19 se mantiene en un 98% con una liberación de res...

Research Department

INFORME DIARIO 07 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: COLONIAL, SECTOR ELECTRICO Y GASISTA. EUROPA: AHOLD, BAYER, MUNICH RE, UNICREDIT, VIVENDI La estabilización del yuan da cierto respiro a las bolsas. Tras la fuerte corrección de las sesiones anteriores, las bolsas europeas se mantuvieron prácticamente planas durante toda la sesión gracias a la estabilización del yuan (con las medias del PBoC) que evitan una nueva escalada en el conflicto comercial entre EE.UU. y China. En el Euro STOXX R. Básicos volvió a ser el más castigado junto con Energía (caída del crudo por debajo de 60 dólares) mientras q...

1 director sold

A director at Munchener Ruckversicherungs AG sold 2,000 shares at 224.500EUR and the significance rating of the trade was 85/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/08/2019

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Delphine Brault
  • Geoffroy Michalet
  • Olfa Taamallah
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/21/2019

We are downgrading Vivendi to Neutral vs Buy (target price unchanged at € 26.2) and we recommend taking positions on Bolloré (Buy, target price of € 5 vs € 4.8). Vivendi’s share price implicitly values UMG at more than € 23bn, offering limited potential for a pleasant surprise at the time of the sale of part of the subsidiary’s capital. In contrast, Bolloré seems to offer greater upside: 1/ the outlook for Bolloré Transport & Logistics looks particularly bright out to 2021, buoyed by ...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Olfa Taamallah
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/03/2019

Nous dégradons Vivendi à Neutre vs Achat (OC inchangé de 26,2 €) et conseillons de se positionner sur Bolloré (Achat ; OC de 5 € vs 4.8 €). Le cours de Vivendi valorise implicitement UMG à plus de 23 Md€ offrant un potentiel limité de bonne surprise lors de la cession d’une partie du capital de cette filiale. Au contraire, le titre Bolloré nous semble recéler un potentiel plus important : 1/ les perspectives de Bolloré Transport & Logistics nous paraissent particulièrement porteuses d...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Munich Re

Munich Re

Munich Re

Munich Re

With a more favourable environment, MUNCH.RVRS.GESELL.AG IN improves to Slightly Positive

MUNCH.RVRS.GESELL.AG IN (DE), a company active in the Reinsurance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 11, 2019, the closing price was EUR 192.00 and its potential was estimated at EUR 204.97.

Expert Corporate Governance Service (ECGS)

Muenchener Rueckversicherungs-Gesellschaft AG (Munich Re) - AGM 30 April 2019

General: In line with German law, the auditor of an insurance company like Munich Re is not appointed by the AGM but the Supervisory Board.  Item 5f: We recommend to oppose the re-election of Prof. Dr. Ursula Gather to the Supervisory Board due to concerns over aggregate time commitments.

Munich – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €195.16. Breaking below the support at €175.01 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - MUENCHNER RUECK : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 195,16 €. La rupture du support à 175,01 € invaliderait cette tendance.

Jérôme VINERIER

Analyse court terme - MUENCHNER RUECK : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 195,16 €. La rupture du support à 175,01 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €195.16. Breaking below the support at €175.01 would invalidate the trend.

Valérie GASTALDY

Medium term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €162.50.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch