USSTOCK.TODAY
Market Closed
Log in Sign up

Hannover Re and Munich Re shares fall on J.P. Morgan warning of reinsurance price decline

Investing.com · ·by G4L

  1. 1Hannover Re shares fell 4.4% and Munich Re shares fell 4.2% on Friday.
  2. 2J.P. Morgan downgraded Hannover Re from neutral to underweight.
  3. 3J.P. Morgan downgraded Munich Re from overweight to neutral.

So what's the key point?

Hannover Re and Munich Re shares dropped after J.P. Morgan warned that insurance prices could decrease. The stock prices fell as analysts lowered the investment ratings for these companies.

Source Investing.com · View original ↗

Related 3-line summaries

Tredegar Corp. reports $2.8 million loss in Q3 Associated Press · 4d agoLululemon faces class action lawsuit over alleged earnings guidance distortion and non-disclosure Sourcing Journal · 4d agoLam Research Approves $25 billion Share Buyback, Potential Buying Opportunity for Semiconductor Sector Investing.com · 4d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news