Martin (@MitVerstandzumKapital) on getquin

$MURGY Munich Re launches...

second tranche of share buyback program

Reinsurer Munich Re is launching the second tranche of its share buyback program. From September 22 to December 19 at the latest, the DAX-listed group intends to spend up to 380 million euros to acquire its own shares, it announced on Wednesday. Based on the closing price in Xetra trading on the Frankfurt Stock Exchange on September 20 of 252.70 euros, this would be up to 1.1 percent of the capital stock. The repurchased shares are to be cancelled.

In February, after a two-year break, Munich Re announced a new share buyback program of up to €1 billion, to be completed by the Annual General Meeting in May 2023. A first tranche with a volume of up to €360 million had been carried out from June 16 to September 14.

Do you cover the insurance sector in your portfolio? I am invested in MüRück myself.

I am generally not a fan of share buybacks. I will make an article about this soon. What do you think about it?

Homer@Simpson

2Yr

Am invested in Allianz and Munich Re 💪😁 Am a fan of share buybacks if the price is right😁👍, you do not have to try to grow come hell or high water. Does not always go well see Altria, billions of $ in 2 💩 sunk 😂 there I would prefer the buybacks 🤨 Let's see maybe I will support Munich Re soon and also take 1 share from the market 😁

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Divmann@Divmann

In my opinion, it depends on the price at which the shares are bought back. With insurers, I always find it a little difficult to determine on the basis of the valuation, but if, for example, Apple does it like sometimes with a P/E ratio of 30, I don't like that either.