Talanx

$TLX (-0,96%)

Talanx announced its guidance for 2025 in Munich:

Net profit 10% annually

Return on equity >12%

But here it comes:

Dividend up to 4 euros by 2028.

Analyst updates, 05.12.

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• HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (-0,29%)
• DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (-1,1%)
• DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (-0,97%)
• DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (-0,96%)
• JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (-0,32%)
• HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (-0,47%)
• BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (+3,11%)
• JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (+0,69%)
• JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (+3,05%)
• JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (-0,58%)
• JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (+0,54%)
• JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (+0,68%)
• JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (+2,07%)
• JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (-0,69%)
• JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (+5,53%)

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• METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (-0,35%)
• ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (+0,91%)
• BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (-0,87%)
• JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (-1,31%)

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- BOFA raises the price target for WALMART from USD 95 to USD 105. Buy. $WMT (-2,1%)

- JEFFERIES raises the price target for WALMART from USD 100 to USD 105. Buy. $WMT (-2,1%)

- HAUCK AUFHÄUSER IB raises the target price for RHEINMETALL from EUR 680 to EUR 750. Buy. $RHM (-0,78%)

- WARBURG RESEARCH raises the target price for RHEINMETALL from EUR 600 to EUR 700. Buy. $RHM (-0,78%)

- JPMORGAN raises the price target for SALESFORCE from USD 310 to USD 340. Overweight. $CRM (+0,69%)

- WARBURG RESEARCH raises the target price for LEG IMMOBILIEN from EUR 81.60 to EUR 90.50. Hold. $LEG (+2,8%)

- DEUTSCHE BANK RESEARCH raises the price target for HEIDELBERG MATERIALS from EUR 116 to EUR 137. Buy. $HEI (-0,69%)

- KEPLER CHEUVREUX raises the price target for GFT TECHNOLOGIES from EUR 31 to EUR 32. Buy. $GFT (-1,22%)

- ODDO BHF raises the target price for TALANX from EUR 76 to EUR 78. Underperform. $TLX (-0,96%)

- KEPLER CHEUVREUX raises the target price for THYSSENKRUPP from EUR 3.70 to EUR 3.80. Hold. $TKA (-1,72%)

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- STIFEL lowers the price target for BAYER from EUR 36 to EUR 28. Hold. $BAYN (+0,17%)

- LBBW downgrades ENI from Buy to Hold and lowers target price from EUR 16.70 to EUR 15. $ENI (-0,58%)

- WARBURG RESEARCH lowers the target price for SFC ENERGY from EUR 29 to EUR 27. Buy. $F3C (-0,91%)

- WARBURG RESEARCH lowers the target price for TECHNOTRANS from EUR 23 to EUR 21. Buy. $TTR1 (+3,25%)

- DEUTSCHE BANK RESEARCH lowers the price target for CUREVAC from USD 3.90 to USD 2.50. Hold. $CVAC (-4,84%)

- BERENBERG lowers the price target for ASTRAZENECA from GBP 150 to GBP 140. Buy. $AZN (+1,05%)

Analyst updates, 15.11. 👇🏼

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- JEFFERIES raises the price target for ASML from EUR 760 to EUR 840. Buy. $ASML (-1,59%)

- RBC raises the price target for TESLA from USD 249 to USD 313. Outperform. $TSLA (-4,58%)

- JPMORGAN raises the price target for WALT DISNEY from USD 125 to USD 128. Overweight. $DIS (-0,24%)

- JPMORGAN raises the price target for SIEMENS from EUR 215 to EUR 230. Overweight. $SIE (-0,29%)

- BARCLAYS raises the target price for SIEMENS ENERGY from EUR 21 to EUR 35. Equal-Weight. $ENR (+2,08%)

- LBBW raises the target price for EON from EUR 13.80 to EUR 13.90. Buy. $EOAN (-0,18%)

- HAUCK AUFHÄUSER IB raises the target price for ADESSO from EUR 80 to EUR 85. Hold. $ADN1 (-0,76%)

- DEUTSCHE BANK RESEARCH raises the target price for BURBERRY from GBP 7.40 to GBP 8.60. Hold. $BRBY (-0,11%)

- BERENBERG raises the price target for TALANX from EUR 76.20 to EUR 91.10. Buy. $TLX (-0,96%)

- BERENBERG raises the price target for HAPAG-LLOYD from EUR 163 to EUR 169. Hold. $HLAG (+1,67%)

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- JPMORGAN lowers the price target for BAYER from EUR 34 to EUR 25. Neutral. $BAYN (+0,17%)

- SANTANDER downgrades SHELL from Neutral to Outperform and lowers target price from GBP 30.50 to GBP 30. $SHEL (-0,74%)

- WARBURG RESEARCH lowers the price target for SECUNET from EUR 216 to EUR 210. Buy. $YSN (+1,42%)

- METZLER lowers the price target for SIXT-STÄMME from EUR 105 to EUR 95. Buy. $SIX2 (+0,72%)

- ODDO BHF lowers the target price for MERCK KGAA from EUR 187 to EUR 176. Outperform. $MRK (-1,77%)

- METZLER lowers the price target for SMA SOLAR from EUR 20 to EUR 16. Hold. $S92 (+0,6%)

- DEUTSCHE BANK RESEARCH lowers the price target for GRENKE from EUR 28 to EUR 24. Buy. $GLJ (+0,79%)

- BERENBERG lowers the target price for K+S from EUR 15.70 to EUR 14.70. Buy. $SDF (-1,31%)

- BERENBERG lowers the price target for AUMANN from EUR 17 to EUR 14.50. Hold. $AAG (+3,07%)

- BERENBERG lowers the price target for DERMAPHARM from EUR 58 to EUR 50. Buy. $DMP (-0,07%)

- BARCLAYS lowers the price target for SYMRISE from EUR 123 to EUR 115. Equal-Weight. $SY1 (-0,34%)

$TLX (-0,96%) Talanx

Talanx forecasts record profit of over EUR 1.9 billion for 2024

(+ 6.78 percent to EUR 78.00)

Talanx has delivered another strong quarter. The insurer was able to significantly increase sales and profits. After a surprisingly good summer, the Allianz competitor also expects even higher profits in the current and coming year.

Hannover Re had already raised its profit target for 2024 from at least 2.1 to 2.3 billion euros on Monday, boosted by a positive tax effect. As the main shareholder of the world's third-largest reinsurer, Talanx is benefiting greatly from this. A good half of the DAX group belongs to the MDAX company

Summary Earnings, 14.11. 👇🏼

Siemens AG Q4 24 Earnings: $SIE (-0,29%)

- Orders At 22.93Bln Euros (est 21.36 Bln Euros)

- Revenue Rising 1% To 20.81 Bln Euros (est 20.77 Bln Euros)

- Profit 3.12 Bln Euros (est 3.0 Bln Euros)

- Net Income Of 1.90 Bln Euros (est 1.80 Bln Euros)

Swiss Re Q3 24 Earnings: $SREN (+0,04%)

- Net Income Of $2.2 Billion For The First Nine Months Of 2024

- 9m Return On Investments (ROI) Of 3.9%; Recurring Income Yield Of 4.0%

- Return On Equity (ROE) Of 13.4% For First Nine Months Of Year

- Still Expects To Achieve A Group Net Income Of More Than $3 Billion For 2024

- Currently Expects Losses Resulting From Hurricane Milton To Be Less Than $300 Mln, Which Will Impact Group Results In Q4 2024

E.ON SE 9M 24 Earnings: $EOAN (-0,18%)

- Adj EBIT EU4.37B, -23% (Y/Y)

- Sales EU56.28B, -19% (Y/Y)

- Still Sees FY Adj EBITDA EU8.8B To EU9B, (est EU8.94B)

- Still Sees FY Adj Net EU2.8B To EU3B (est 2.92B)

Deutsche Telekom AG Q3 24 Earnings: $DTE (-0,92%)

- Net Income EUR 2.957B (est EUR 2.396B)

- Adjusted EBITDA AL EU11.10B (est 11.05B)

- Rev EU28.50B (est 28.39B)

- Sees FY Adj EBITDA Al About EU43B

ASML is sticking to its long-term goals and plans to increase sales to between 44 and 60 billion euros by 2030, with a gross margin of 56 to 60 percent. Despite the current difficult market conditions, ASML CEO Christophe Fouquet sees promising long-term prospects for the semiconductor industry, especially due to the AI trend. $ASML (-1,59%)

Talanx expects a record profit of over 1.9 billion euros for 2024 and a surplus of over 2.1 billion euros for 2025. The profit increase will be supported by primary insurance and new targets are to be presented at the Capital Markets Day on December 11. $TLX (-0,96%)

Nagarro increased sales by 3.7 percent to 242.9 million euros in the third quarter and adjusted EBITDA by a good eight percent to 34.6 million euros. The company is adjusting its revenue forecast for 2024 to 960 million euros and expects an EBITDA margin of over 14 percent. $NA9 (+1,32%)

Adesso recorded an increase in turnover of 15 percent to 330 million euros in the third quarter and a 37 percent rise in operating profit to 38.9 million euros. Jörg Schroeder will step down as Chief Financial Officer on April 30, 2025; his successor will be Michael Knopp from January 15, 2025. $ADN1 (-0,76%)

Dermapharm increases turnover in the first nine months by just under three percent to 890.1 million euros, while adjusted EBITDA falls slightly to just over 240 million euros. However, consolidated net income rose to just under 93 million euros, and the Group CEO is optimistic for the final quarter. $DMP (-0,07%)

Energiekontor sees itself on course for its annual targets after nine months with an expected pre-tax result of EUR 30 to 70 million, although the upper end of the range will not be reached due to the below-average wind year. Three projects with 79 MW have already been commissioned this year and several more projects are currently being marketed. $EKT (+0,05%)

The financial services provider MLP increased revenue by twelve percent to EUR 746 million in the first nine months and EBIT by almost half to EUR 66 million. The company confirms its forecast for 2024 with EBIT of between EUR 85 and 95 million and expects EBIT of EUR 100 to 110 million in 2025. $MLP (+1,62%)

GFT Technologies is again lowering its annual targets and now expects revenue growth of 10 percent to around EUR 865 million and adjusted EBIT of around EUR 77 million. Profit before taxes is expected to fall to around EUR 65 million, as the environment remains challenging and momentum in the coming months will be lower than expected. $GFT (-1,22%)

ProSiebenSat.1 is lowering its forecast for the year due to weak TV advertising revenues and expects an adjusted operating result of less than EUR 575 million. The Group plans to sell Flaconi and Verivox in order to invest in Joyn, programs and debt reduction. $PSM (-1,4%)

Wacker Neuson is again lowering its annual targets and now expects revenue of EUR 2.2 to 2.3 billion and an EBIT margin of 5.5 to 6.5 percent. In the third quarter, the company reports a drop in revenue of over 20 percent and a 61 percent fall in EBIT. $WAC (-0,93%)

Cewe confirms its annual targets with sales of between 770 and 820 million euros and an EBIT of 77 to 87 million euros, with the upper half of the ranges being targeted. The company generates most of its profits in the Christmas quarter and posts a marginally positive EBIT in the summer quarter, despite increased marketing expenditure. $CWC (+0,88%)

Merck KGaA reports a 1.8 percent increase in sales to 5.3 billion euros in the third quarter, while the adjusted operating result rises by 12 percent to over 1.6 billion euros. CEO Belén Garijo announces that sales for 2024 are expected to be in the lower half of the previous range. $MRK (-1,77%)

Bilfinger records revenue growth of 15 percent to just under EUR 1.3 billion in the third quarter and increases operating profit by 35 percent to EUR 76 million, supported by good demand and the latest acquisition. The Executive Board confirms the adjusted annual targets with an increase in revenue to EUR 4.8 to 5.2 billion for 2024, also taking into account a savings program and special effects from the integration of Stork. $GBF (-0,43%)

K+S is revising its production forecast for 2024 downwards due to high sickness rates and now expects an operating result (EBITDA) of around EUR 540 million. In the third quarter, the company reports a decline in sales and EBITDA, with profits exceeding analysts' expectations but remaining below consensus estimates for the full year. $SDF (-1,31%)

German winning stocks of the past five years

+603% SUSS Microtec $SMHN (+0,76%)

+411% Rheinmetall $RHM (-0,78%)

+329% Redcare Pharmacy $RDC (+1,71%)

+326% ATOSS Software $AOF (-3,11%)

+262% PNE $PNE3 (-0,56%)

+258% Mutares $MUX (-2,14%)

+232% Energiekontor $EKT (+0,05%)

+231% GFT Technologies $GFT (-1,22%)

+230% Elmos Semiconductor $ELG (+1,79%)

+229% Adtran Networks $ADV (+0,05%)

+161% Commerzbank $CBK (-1,64%)

+146% Krones $KRN (+0,17%)

+131% Hella $HLE (-0,06%)

+126% Munich Re $MUV2 (-1,1%)

+125% Deutsche Bank $DBK (-1,71%)

+111% VERBIO $VBK (-1,57%)

+111% KSB (Vz) $KSB (+1,57%)

+109% Infineon $IFX (-1,35%)

+109% Siemens $SIE (-0,29%)

+107% Talanx $TLX (-0,96%)

+103% Encavis $ECV (-0,06%)

+100% SFC Energy $SFC

+95% Nemetschek $NEM (+1,42%)

+93% Aixtron $AIXA (+0,02%)

+90% flatexDEGIRO $FTK (-0,34%)

+84% SAP $SAP (-0,03%)

Which ones do you have in your portfolio or on your watchlist?

I sold Infineon and Elmos too early.

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/ZdBCQkV-AS8?si=Qc_wjcVeS7DaMDJM

Monday:

Positive news from the pharmaceutical division of $BAYN (+0,17%) Bayer. The drug Kerendia not only helps against kidney problems, but also against heart failure. The drug reduced deaths statistically significantly.

https://www.handelsblatt.com/unternehmen/industrie/kerendia-bayer-hoffnungstraeger-hilft-auch-gegen-herzinsuffizienz/100057359.html

The ISM economic data from the USA 🇺🇸 were all better than expected. The ISM employment index for the non-manufacturing sector rose to 51.1, while the ISM index for new orders in the non-manufacturing sector also rose to 52.4. All values above 50 signal growth.

https://www.wallstreet-online.de/wirtschaftskalender

$GOOGL (+0,94%) Alphabet loses lawsuit in the USA and is now officially considered a monopoly in the Google search engine. This means that Alphabet must fear consequences under competition law. These range from fines to a break-up (rather unlikely).

https://www.handelsblatt.com/technik/it-internet/suchmaschine-us-richter-google-hat-monopol-bei-internet-suche/100057493.html

Tuesday:

$TLX (-0,96%) Zalando is growing again. The share price rises significantly in pre-market trading. Sales rose by 3.4% to 2.6 billion euros in the second quarter. The operating profit rose to 171.6 million euros.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/modehandel-zalando-steigert-umsatz-auf-26-milliarden-euro-und-will-in-ki-investieren/100056363.html

Completely surprising increase in orders in German industry. Orders rose by 3.9% instead of the expected increase of 0.5%. The increase was mainly attributable to the automotive industry, where orders rose by 9.3%. The order situation was supported by high domestic demand. Orders from abroad increased only minimally.

https://www.handelsblatt.com/unternehmen/industrie/konjunktur-deutsche-industrie-ueberrascht-mit-erstem-kraeftigem-auftragsplus/100057571.html

Retail sales in the EU 🇪🇺sinken were stronger than expected. Compared to the same month last year, sales fell by 0.3%; growth of 0.1% was expected.

https://www.boerse.de/nachrichten-amp/Eurozone-Umsatz-im-Einzelhandel-sinkt-staerker-als-erwartet/36347059

Wednesday:

$SIX2 (+0,72%) Sixt has to revise its profit forecast slightly downwards due to falling residual values for used cars. As hoped, however, there will be no further special depreciation due to the particularly sharp drop in residual values of e-cars.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-novo-nordisk-enttaeuscht-bei-umsatz-und-gewinn/24098412.html

Friday:

The job figures from Canada 🇨🇦 are worse than expected and are unsettling investors a little. Instead of 22,500 new jobs, around 2,000 jobs were lost. However, many new full-time jobs were created from part-time positions, which should actually be seen as positive.

https://www.forexlive.com/news/canada-july-employment-change-28k-vs-225k-expected-20240809/amp/

Key dates for the coming week:

Tuesday: 14:30 Producer prices (USA)

Wednesday: 14:30 Inflation data (USA)

Thursday: 01:50 GDP figures (Japan)

Share analysis/share presentation ⬇️

Today we are talking about the company Talanx: $TLX (-0,96%)

What is Talanx and what does it do?

Talanx is a German insurance group headquartered in Hanover. The company offers a wide range of insurance and financial services, including life insurance, property insurance and reinsurance. Talanx operates internationally and has subsidiaries in many countries around the world.

Market capitalization:

Talanx currently has a market capitalization of around 18.5 billion euros.

Strengths of the share:

Some of Talanx's strengths:

- Experience: Talanx has many years of experience in the insurance industry and has established itself as a trustworthy partner.

- Broad offering: The company offers a wide range of insurance and financial services to meet the diverse needs of its customers.

- International presence: Talanx operates in many countries around the world and has subsidiaries, providing global reach and local expertise.

- Financial stability: Talanx is financially strong and has solid capital and reinsurance structures to cover risks.

- Sustainability: The company attaches great importance to sustainability and is involved in environmental and social projects to bring about positive change.

- Innovation: Talanx continuously invests in innovative technologies and solutions to meet the changing needs of customers.

- Customer-centric approach: Talanx attaches great importance to customer satisfaction and offers customized solutions and first-class customer service.

Share weaknesses:

Here are some weaknesses of Talanx:

- Complexity: Due to the size and scope of the company, it can sometimes be difficult to make decisions quickly or implement changes quickly.

- Dependence on external factors: The insurance industry is highly dependent on external factors such as natural disasters and economic conditions. These factors can have an impact on Talanx's profitability and risk management.

- Competition: The insurance market is highly competitive and Talanx is in competition with other large insurance companies. This can lead to pricing pressure and a challenge in attracting new customers.

- Regulatory requirements: The insurance industry is subject to a large number of regulatory requirements that must be met. This requires resources and can lead to additional costs and administrative work.

- Image and trust: In the past, there may have been negative reporting or opinions about Talanx or the insurance industry in general. This can affect customer trust and influence the perception of the company.

A little more about the business model:

Talanx is a leading international insurance group headquartered in Germany. The company operates in various business segments, including industrial insurance, private insurance and reinsurance.

In the area of industrial insurance, Talanx offers customized solutions for companies to protect them against risks such as property damage, liability claims and business interruption. The company works closely with its customers to develop individual insurance programs that meet their specific needs.

In personal insurance, Talanx offers a wide range of insurance products for private customers, including car insurance, home insurance and liability insurance. The company places great emphasis on customer service and works continuously to offer innovative products that meet customers' needs.

As a reinsurance company, Talanx assumes risk from other insurance companies and provides them with financial protection. Through reinsurance, Talanx is able to diversify risk and create a solid foundation for long-term growth.

Talanx strives to act sustainably and responsibly. The company has set itself the goal of combating climate change and promoting sustainable solutions. Talanx invests in renewable energy and adopts environmentally friendly business practices to make a positive contribution to society.

Talanx also attaches great importance to digitalization and innovation. The company invests in technology to create more efficient processes and improve customer service. Talanx also uses data analytics to better assess risks and make informed decisions.

A little more about the industry:

The industry in which Talanx operates is the insurance industry. Talanx is an international insurance group that operates in various business segments, including industrial insurance, private insurance and reinsurance. In industrial insurance, Talanx offers customized solutions for companies, while in private insurance they offer a wide range of insurance products for private customers. As a reinsurance company, Talanx assumes risk from other insurance companies. Talanx also focuses on sustainability and innovation to meet the changing needs of customers. Overall, the insurance industry is an important part of the global economy and Talanx plays a significant role in this.

When and where was Talanx founded?

Talanx was founded in the year 1996 in Hanover, Germany. It is an insurance group and is part of the HDI Group. Talanx offers a variety of insurance products and services, including life insurance, property insurance and reinsurance. Since its foundation, the company has developed into an international player in the insurance industry and is now active in over 150 countries worldwide.

The aim of Talanx:

Talanx pursues the goal of offering its customers comprehensive insurance cover and supporting them in all situations in life. The company strives to offer innovative solutions to meet the individual needs of its customers. Talanx attaches great importance to sustainability and is committed to environmentally conscious action. They want to play a responsible role in society and promote positive change. Talanx also strives to build long-term partnerships and help their customers achieve their financial goals and manage their assets effectively.

Your opinion:

Now I would like to hear your opinion on this stock in the comments.

What do you think of Talanx and were you already familiar with this company?

Do you perhaps already have the share in your portfolio?

Please let me know in the comments.

Of course, this is not investment advice but just my own opinion that I would like to share with you.

Waiting for the dividend and good entry 🤤