Frankfurt Hannover Re recently missed promotion to the German leading index Dax. The world’s third largest reinsurer does not have to hide, however, as the figures for the third quarter show. This makes the share an alternative for investors to the market leaders Munich Re and Swiss Re. The parent company Talanx could, however, be an even more attractive purchase.
The shares of the two MDax groups have already done well this year. Since the beginning of the year, Hannover Re stocks have increased by almost 25 percent, Talanx stocks by more than 30 percent. According to the data provider Bloomberg, more than two thirds of the analysts currently recommend buying Talanx shares and just under half recommending buying Hannover Re.
On average, however, the finance professionals are cautious when it comes to further course opportunities. However, given the bright outlook, their expectations may prove too cautious.
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Further