MS adjusts views on Dutch insurance, with ASR top pick and Aegon over NN Group

ASR Nederland NV

22/11/2024 09:32

** Morgan Stanley adjusts its views on Dutch insurance companies
in a market it sees as a "conundrum"
** It names ASR Nederland  ASRNL.AS  ("overweight") as its top
pick, saying it remains the "standout quality play among the
Dutch players" with a 50% total shareholder return on a
three-year view
** MS says Aegon  AEGN.AS  should benefit from a more optimistic
near-term outlook in the U.S. vs Europe; it upgrades the stock
to "overweight" from "equal-weight" and raises PT to 6.90 euros
from 5.91 euros
** Conversely, NN Group's  NN.AS  solvency is coming under even
more scrutiny from recent market moves, it says; it cuts the
stock to "equal-weight" from "overweight" but raises PT to 50
euros from 47.80 euros
     

 (Reporting by Johan Bodinier)
 ((johangeorgesroger.bodinier@thomsonreuters.com))