Unipol, in the volatility auction with a leap of 8,52%, and the subsidiary UnipolSai with growth of around 4% are running to Piazza Affari. A series of favorable reports were the driving force, such as that of Goldman Sachs which added Unipol to the buy conviction-list and Unipolsai to the buy list.
Also today, the experts of Equita also turned the spotlight on the insurance group, who recommended buying Unipol's preference shares. “We are inserting the stock in the focus list of our small caps portfolio – underlined the Equita analysts – wanting to underline our preference over Unipolsai. Preferential Unipols have significant potential for revaluation from the point of view of the dividend policy, on the basis of an expected 2015 pay-out of around 50%, well below the plan targets (60/80%). In this case, the return on shares in 2015 is already 7.2%"
Equita has also issued a purchase recommendation on Unipolsai, while emphasizing that the value of the shares is now close to the price target of 2,47 euros. "We expect good newsflow on the combined ratio front when the annual results are published on March 20th," added the analysts.
According to another broker, however, UnipolSai will enter the stoxx 600 and "entry into the index will have a positive impact linked to the volumes and greater visibility of the stock which is difficult to quantify".
