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Retrocession reduced, more risk but also lower fees

$MUV2 (-1,29 %) 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 (-1,29 %) ? Dear @investron Have they already been flagged for you?

3 Commentaires

Kini - Dividend Strategy@investron

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

But such a massive investment right away. Respect!

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EdelweisInvest@EdelweisInvest

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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