1Wk·

Retrocession reduced, more risk but also lower fees

$MUV2 (+1.73%) drastically reduces the retrocession. For those who, like me, have no idea what this means: it refers to a vehicle that spreads the risk in the event of a claim. Instead, the company is deliberately focusing on a strong balance sheet.

https://www.boerse-express.com/news/articles/muenchener-rueck-aktie-retrozession-um-60-prozent-gekuerzt-910181

I take advantage of the P/E ratio of just under 9, a dividend yield of over 5% and buy 1 share for the time being. Further knockouts are placed at lower prices. What do you think about $MUV2 (+1.73%) ? Dear @investron Have they already been flagged for you?

4 Comments

Kini - Dividend Strategy@investron

1Wk

yes, the fresh data makes the setup look even better. it's still pinned as optimal:

🟢 $MUV2 in optimal
p/e: 9.02x | yield: 5.07% | quality: 85/100

the drop pushed the yield over 5% and the p/e down to 9x flat. what's brilliant here is that while the market is punishing them down near 52-week lows, the underlying business is wildly profitable (roe almost 20%). they just hiked the dividend by 20% to €24 and are running a massive €2.25 billion buyback while the stock is cheap.

the payout ratio is only 46%. so yes, a 5% yield mathematically backed by a fortress balance sheet. buying world-class reinsurance at 9x earnings is the definition of value. great call.

as a tradition since i started trusting my algo i am always buying the top opportunity stocks, and this one is no exception, i bought more today to a position of 6000 euros.

thanks for the tag!

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Paulchen@Divident_e

1Wk

But such a massive investment right away. Respect!

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EdelweisInvest@EdelweisInvest

1Wk

Greetings, $MUV2 is already a very good buying opportunity in my opinion.
I have wanted to add the share to my portfolio for a long time and have now bought the first 4 shares.
But I have no objections to further setbacks and would be happy to buy even lower.

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Ruben Schoff@Sand

Just topped up, even if still on a downward trend, the upward trend will resume by the end of the year/beginning of 2027 at the latest before the next dividend. Reallocations to "safe" stocks such as mürü can also be made at any time. Even if everything is becoming increasingly short-term, I still consider mürü to be a long-term bank.

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