Talanx AG

Talanx is a financial and management holding company. Co. is internationally active in primary insurance and reinsurance and in both property/casualty and life business. In the more than 100 years of Co.'s history, Co. has evolved from a single-line liability insurer for industry into a global insurance group with a focus on the industrial and retail lines and reinsurance business. Through its subsidiaries, Co. is engaged in five business segments: Life/Health Reinsurance; Non-Life Reinsurance; Retail Germany; Industrial Lines; and Retail International.
  • TickerTLX
  • ISINDE000TLX1005
  • SectorNonlife Insurance
  • CountryGermany

Analysts

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

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Talanx – Proxinvest Corporate Governance Rating ® : D

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...

Roland Pfaender

Talanx AG : Feedback from 13th ODDO BHF GERMAN CONFERENCE

>New elements - Talanx is making good progress in the repricing and de-risking of its fire exposures (20% of industrial lines GWP with premiums of ~€ 920m) within its industrial lines insurance business. A price increase of c.16.9% took effect on January 2019. We also believe the company should be able to deliver on its targeted 20% price increase on its fire exposures at the beginning of 2020. Talanx is de-risking by lowering its shares in syndicates (from 50% more t...

Sylvain Goyon

Carrefour : Lancement de notre liste Oddo Convictions Large Cap

Nous lançons notre liste de convictions Large Cap. Nous la plaçons sous le signe de la qualité, en privilégiant si possible les structures bilancielles peu endettées, et de la visibilité. Par visibilité, nous entendons la capacité à défendre la génération de free cash-flow, que ce soit par le biais d’un positionnement concurrentiel fort (pricing power) et/ou via l’existence de programmes de rationalisation/ optimisation portés par un management disposant d’un track record éprouvé...

TALANX AKTGSF. reduced its risk exposure resulting in an upgrade to Slightly Positive

TALANX AKTGSF. (DE), a company active in the Full Line Insurance industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 28, 2018, the closing price was EUR 29.86 and its potential was estimated at EUR 33.17.

Roland Pfaender

Talanx AG : Feedback from 13th ODDO BHF GERMAN CONFERENCE

>New elements - Talanx is making good progress in the repricing and de-risking of its fire exposures (20% of industrial lines GWP with premiums of ~€ 920m) within its industrial lines insurance business. A price increase of c.16.9% took effect on January 2019. We also believe the company should be able to deliver on its targeted 20% price increase on its fire exposures at the beginning of 2020. Talanx is de-risking by lowering its shares in syndicates (from 50% more t...

Sylvain Goyon

Carrefour : Lancement de notre liste Oddo Convictions Large Cap

Nous lançons notre liste de convictions Large Cap. Nous la plaçons sous le signe de la qualité, en privilégiant si possible les structures bilancielles peu endettées, et de la visibilité. Par visibilité, nous entendons la capacité à défendre la génération de free cash-flow, que ce soit par le biais d’un positionnement concurrentiel fort (pricing power) et/ou via l’existence de programmes de rationalisation/ optimisation portés par un management disposant d’un track record éprouvé...

Roland Pfaender

Talanx AG : Q3 2018 data on repricing/restructuring of Industrial Lines seems promising

>Q3 2018 results ahead of estimates based on solid performance of Retail International, Retail Germany and reinsurance activities - Talanx reported a mixed bag of Q3 2018 results with Retail International, Retail Germany and reinsurance activities reporting solid results while Industrial Lines business, as already expected, disappointed. Group net income came in at € 51m, ahead of our € 8m estimate and consensus at € 21m. The annualized 9M 2018 ROE stands at 7.5% (up ...

Philipp Häßler, CFA

TALANX GROUP - Weak Q3 results better than expected

Roland Pfaender

Talanx AG : A lost quarter due to major losses and Life Re restructuring

>We forecast Q3 18e net income of € 8m, implying an ROE of 0.4% - Talanx is due to release its Q3 2018 results on 12 November. We look for the company to report Q3 2018 net attributable profit of € 8m, (Q3 2017 net loss of € 19m) and below consensus estimate of € 20m. Our annualized ROE estimate stands at 0.4% for Q3 2018e.Industrial Lines and L/H reinsurance spoil the party - Talanx already warned that its Industrial Lines insurance will contribute a...

A director bought 4,770 shares at 31.400EUR and

A director at Talanx Ag bought 4,770 shares at 31.400EUR and the significance rating of the trade was 65/100. 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. The names of boa...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/13/2018

...

Alfred Glaser ...
  • Anis Zgaya
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/11/2018

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TALANX AKTGSF. reduced its risk exposure resulting in an upgrade to Slightly Positive

TALANX AKTGSF. (DE), a company active in the Full Line Insurance industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 28, 2018, the closing price was EUR 29.86 and its potential was estimated at EUR 33.17.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Talanx – Proxinvest Corporate Governance Rating ® : D

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...

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