NEW YORK (dpa-AFX) - Canadian bank RBC has raised its target price for Munich Re from 410 to 455 euros following the announcement of a significant dividend increase, but left its rating at "Sector Perform". The high payouts confirm the underlying earnings strength of the reinsurer, wrote analyst Derald Goh in a study published on Tuesday. The earnings strength, in turn, is based on a double tailwind from high prices in property and casualty insurance and high investment income./la/he

Publication of the original study: 27.02.2024 / 15:30 / EST First transmission of the original study: 27.02.2024 / 15:30 / EST