Report
Cor Kluis

ASR : Adjustment to reflect Woekerpolis, TP reduced and Outperform maintained

>Conclusion: Adjustment to reflect Woekerpolis, TP reduced, keep Outperform - Based on the Woekerpolis verdict of the Dutch Court of Appeal in The Hague on one NN product and three Aegon products we reduced our TP by € 7 to € 53 per share, The a.s.r. share price is quoting at € 35.6 so we expect a clear upside of +49% in the a.s.r. share price, and we expect positive news from the Aegon integration (30 November investor update), bank sale, and three year financial pla...
Underlying
ASR Nederland NV

ASR Nederland NV is a multiline insurance company based in the Netherlands. The Company operates through six segments: Non-Life, comprising non-life insurances, including motor vehicle, fire, travel and leisure, transport, liability, agricultural, construction motorized vehicles and construction all risk and assistance insurance products, among others; Life, offering insurance policies that involve asset-building, asset protection, term life insurance and funeral expenses for consumers and business owners; Banking and Asset Management, providing banking activities and activities related to asset management, including investment property management; Distribution and Services, including the distribution of insurance contracts and intermediary services; Holding and Other, providing primarily holding activities of the Company, as well as Real Estate Development, specialized in the development of real estate properties. The Company operates in the Netherlands and internationally.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Cor Kluis

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