Darren Sissons
MUNICH REINSURANCE
MURGF-OTC
TOP PICK
Apr 04, 2018
Companies in this space will go to, say, SunLife and buy 10% of their flood exposure. Active globally, based in Germany, 140 years old. 3.5% yield that rises each year. Add some share buybacks regularly. Add rising interest rates. This will increase reinsurance rates. (Analysts' price target $248.22)
(A Top Pick Apr 04/18, Up 13%) Higher interest rates globally will be a catalyst. They're buying back shares and raising their dividend each year. A long-term hold. Overall for central banks, removing QE will result in a crash or pullback (as we saw last December). So, central banks will have to raise rates very gradually to counter inflation over the next few years.
You get 7-8% return with share buybacks. A good chart. Prices are rising in the insurance business (Munch provides insurance to insurance companies). This rarely dips, so now is a good time. (Analysts’ price target is $212.13)
One of the premium insurance companies on the planet. Conservatively managed. Increased dividend recently plus buybacks. Solid performer. About 7% return every year. (Analysts’ price target is $282.13)
(A Top Pick Jun 11/19, Up 9%) They are not going to absorb covid-relalted business interruption. He likes it and it continues to be a core holding at this point.
(A Top Pick Mar 05/20, Up 15%) World class. Focusing on dividend yield through share buybacks. Global best of breed. Well managed. Reliable over the years.
Price target: 276.66 Euros A global giant in reinsurance. Pays a 3.91% dividend, which keep rising. Add in share buybacks. It's done well during Covid. Higher interest rates will increase earnings. It's been around for 141 years and is well-managed.
(A Top Pick Jul 26/21, Up 1%) Best of breed reinsurance companies. Buybacks and dividend increase. Conservative risk management. ECB will probably raise interest rates soon, and this will be a positive. Buy and put away for the grandkids. Defensive in this environment.
Companies in this space will go to, say, SunLife and buy 10% of their flood exposure. Active globally, based in Germany, 140 years old. 3.5% yield that rises each year. Add some share buybacks regularly. Add rising interest rates. This will increase reinsurance rates. (Analysts' price target $248.22)