(Teleborsa) – Positive prospects for the European insurance sector, after a pretty good first half. This is what the analysts of JP Morgan citing the return above the pre-pandemic levels of the sector average and the sharp increase in subscriptions.
From i positive factors that make the sector attractive are i solid first half results, the increase of returns and the underestimation of the sector, which deals at a 35% discount compared to other sectors.
Among the titles that feature a greater appeal, investment bank experts cite Italian post, for which they express an overweight opinion and indicate a Target Price of € 15.5. Overweight also for General con TP a 22 euro, Aviva con TP a 511 euro, Axa with TP at 28 euros ed Hannover Re with TP at 187 euros. Promoted the French Score from neutral to overweight with a target price of € 31, while Swiss Re it was downgraded to neutral from overweight with the Target Price indicated at 98 euros.
Meanwhile, the insurance sector today in Milan is performing quite well (+ 0.97% the FTSE Italia Insurance index), better than the entire market (FTSE MIB + 0.71% and FTSE All Share + 0.64%).
In the main basket, Generali (+ 1%) is highlighted also as a result of the consultation agreement signed by Caltagirone and Del Vecchio. Poste Italiane instead recorded an advantage of 0.87%.
(Foto: by rawpixel on Unsplash)