Mapfre : A good quality Q2 2022 overall
>Outperform rating reiterated – Target price lowered to € 2.3 (vs € 2.4) - The Q2 2022 results publication was broadly robust with net profit beating estimates, and confirms our positive stance on Mapfre. We reiterate our Outperform rating on the stock, but with a target price lowered to € 2.3 (vs € 2.4), reflecting the downward adjustment of 1% to our net profit forecasts on average over 2022-2024 (upward revision to premiums and costs/claims). The current valuation ...Mapfre is an insurance company based in Spain. Co. is the parent company of a group engaged in the underwriting and provision of insurance in Spain and abroad. Insurance policies provided include: life, non-life, accident, home-owner, general and health. Through its subsidiaries, Co. is also engaged in the provision of reinsurance, the management of investment funds, pension funds and pension plans, real estate and related services. On the domestic market, Co.'s activities include managing investment funds, pension funds and pension plans, real estate and other service businesses.
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.
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