AGESF - ageas: A Great Income Pick In The European Insurance Sector

2024-02-20 11:53:32 ET

Summary

• ageas offers a forward dividend yield above 8% and is trading at a discount to its peers, making it attractive to income investors.
• ageas has a sizable exposure to Asia, particularly China, which gives it better growth prospects compared to its peers in the European insurance market.
• ageas has implemented a strategy update, focusing on improving efficiency and streamlining operations in Belgium, the U.K., and Asia, to drive earnings growth and dividend remittances.

ageas ( AGESF ) currently offers a forward dividend yield above 8% and is trading at a discount to its peers, making it quite attractive to income investors....

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