0949 GMT - Several factors limit an increase in Scor's payout in the midterm, making its shares less attractive, UBS says in a research note, downgrading its rating on the French reinsurer's stock to neutral. "The current 7.2% 2025 [estimated] dividend yield is no longer sufficient a premium over some of its reinsurance peers to justify a buy rating, in our view," analysts write. The dividend payout is set to remain at around 50% due to its debt leverage, net organic capital generation and solvency quality, they write. The company needs to deliver on its earnings to enhance operational credibility, they say. Shares slip 3% to 26.8 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 05:49 ET (09:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.