Low volatility, low P/E ratios and an attractive dividend yield: stocks with these quality characteristics can be the haven of calm in your portfolio, allowing you to sleep more peacefully in stormy stock market phases.
Dividend yield of just over six percent
Even if the insurance industry is generally considered boring and the shares are not necessarily among the current hot stocks around Nvidia and Co., they still inspire with their consistency.
Anyone looking for attractive dividend stocks in the Netherlands, Belgium and France cannot ignore the trio presented today. Because they impress with single-digit P/E ratios and a dividend yield of over six percent.
The stock presented here shines with a dividend yield of 6.3 percent and a P/E ratio that, at 7, is not significantly higher than the payout ratio. Both indicators belong to France’s largest reinsurer, which is also one of the top 5 worldwide. We’re talking about SE score. The group is based in Paris and generates half of its revenue from non-life reinsurance.
The other half is reinsurance for those life insurance companies. After a lean 2022, the French have returned to profitability, making a profit of €812 million after a loss of €1.38 billion last year. The good development is also noticeable in the share price, as the share price has increased by double digits since the beginning of the year. If the analysts have their way, then the current price still has room to reach the average price target.
wallstreetONLINE editorial team
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