Rsa Insurance Group Ld Share Discussion Threads

[cwa1] 05/11/2020 16:45

Decent premium

[sphere25] 05/11/2020 16:44

Wow, another bid. Sure are flying in of late:

"The Board of RSA Insurance Group plc ("RSA" or "the Company") notes the recent media speculation regarding the possibility of an offer for the entire issued share capital of the Company and confirms that on 2 October 2020 it received a proposal from Intact Financial Corporation ("Intact") and Tryg A/S ("Tryg") (together, the "Consortium") regarding a possible offer for the Company ("the Proposal"). This may or may not lead to an offer being made for RSA.

The Proposal comprises 685 pence in cash per RSA share, plus payment by RSA of the announced interim dividend of 8 pence per share (the "Interim Dividend"). "

[netcurtains] 25/8/2020 12:13

Could go blue by close?

[sam9092] 04/8/2020 21:55

Anything 3 would be great price now! I would love to buy in at anything below 410. RSA is a great General Insurance company NOT involved with Life/Pensions. Maybe my view is biased since I am from General Insurance side as well.

[porsche1945] 04/8/2020 15:56

@sam

I paid 380 a share. Not sure what the right price for them was, little growth and zero dividend and a lot of covid risk, why bother.

[sam9092] 23/7/2020 11:21

Rsa share price doing well. Going in right direction. I want to buy more but not at this price.

[loganair] 20/7/2020 09:45

Shore Capital sees ‘buying opportunity’ in hard-hit RSA:

RSA (RSA) has been one of the hardest hit insurers during the Covid-19 crisis but Shore Capital maintains its business model makes it a defensive play in a recessionary environment.

Analyst Alan Devlin retained his ‘buy’ recommendation and target price of 600p on the shares, which closed at 432.8p on Friday.

‘RSA has been one of the hardest hit UK insurance stocks from Covid-19 after suspending its final 2019 dividend due to its potential exposure from UK business interruption claims, losing £1bn of market cap,’ he said.

Devlin said the stock presented a ‘buying opportunity’, arguing that ‘RSA’s business and geographical mix make its earnings and dividends defensive from both Covid-19 and a recessionary environment’.

He expected the 2019 and 2020 full year dividend would be paid ‘likely together in early 2021’.

[sam9092] 16/7/2020 10:19

I'm a great fan off RSA. you must ensure you buy at right price.

[porsche1945] 06/7/2020 11:29

Sold out today and glad to get out of my last U.K. stock, will stick to S&P and tech, U.K. uninvestable brexit/covid self harming basket case rubbish ftse350. These dividend stocks are hopeless and rsa a serial under-achiever, zero dividend and going nowhere with a lot of risk, why bother. People keep saying cheap....stuff is cheap for a reason.

[sam9092] 15/6/2020 08:53

Good time to buy RSA?

[loganair] 02/6/2020 23:52

RSA's the cheapest motor insurance shares in the sector, says Barclays - They expressed a continued liking for RSA Insurance Group, as “the cheapest name in the UK retail space”, along with Hastings Group Holding, “which is likely to deliver the best EPS growth in 2020 among the companies we cover”.

RSA’s target price was trimmed to 520p from 539p, while Hastings’ was inched up to 211p from 208p.

[loganair] 02/6/2020 23:49

Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry regulator said on Monday.

A national lockdown has triggered insurance claims from companies in Britain seeking compensation for having to shut down their activities as a result of the coronavirus crisis.

The Financial Conduct Authority (FCA) said last month it would seek clarity from the courts on whether the wording of some insurance policies should provide cover during the pandemic.

“We expect the test case to provide guidance for the interpretation of many other business insurance policies that are not in the representative sample,” the FCA said.

The FCA said it expects the High Court case will be heard in the second half of July and last 5-10 days.

“In early July, we expect to publish a comprehensive list of other insurers and many other BI policies in the market that we expect the test case to affect, based on firm submissions,” it said.

The court could decide that a number of policies respond to the pandemic and others do not, it said.

The FCA also asked all insurers to check their policy wordings against those it intends to test to see if theirs will be impacted by the outcome of the case.

The watchdog also set out what the FCA expects of all insurers handling BI claims, saying that in most cases, insurers are not obliged to pay out in relation to the pandemic.



RSA said it expected its reinsurance programme to provide the bulk of cover for potential claims.

[sam9092] 22/5/2020 08:22

Anyone buying RSA?

[loganair] 08/5/2020 08:54

Numis upgrades ‘oversold̵7; RSA:

Numis has upgraded insurer RSA (RSA), arguing the shares look ‘heavily oversold’.

Analyst Nick Johnson upgraded his recommendation from ‘hold’ to ‘buy’ with a target price of 605p on the shares, which rose 6.6% to 393.6p yesterday.

He said ‘general trends in the business look to have continued from 2019’ with operating profit up double-digits in the first quarter. Although it will have to make provisions of £25m to cover Covid-19-related travel claims, RSA ‘looks to be benefiting from extensive reinsurance protection’.

‘We think RSA shares look heavily oversold,’ he said. ‘Given the recent share price fall we move from “hold” to “buy”.’

[farrugia] 07/5/2020 12:25

get lost sam - great update.

[sam9092] 29/4/2020 01:59

Rsa caught again in BI claims for a self catering product called Cottagesure. Ouch,

[sam9092] 29/4/2020 01:58

Rsa caught out with nursery sector BI Cover. New action group called insurance justice acting for nursery sector.

[sam9092] 24/4/2020 08:51

Not that I know at present but things will be coming out in next few weeks.

[maxiboy61] 23/4/2020 20:14

who knows how much exposure with eaton gate, is there any more negatives

[jonnib77] 21/4/2020 14:16

What is exotics?

[sam9092] 17/4/2020 15:14

Yes through an MGA Called Eaton Gate. Not sure how much yet.

[farrugia] 17/4/2020 14:03

are these involved in any exotics? do they have exposure to covid claims?