The recent falls in the stock of European financial stocks have presented a buying opportunity, according to RBC Capital Markets. The European insurance sector, for example, has slid by 11% since Mar. 9 following the collapse of Silicon Valley Bank and concerns over other banks. SVB collapsed partly due to a run on the bank earlier this month.
annuity writers as looking attractive at current valuation levels: London-listed shares of Aviva , Just Group , Legal & General , M & G , and Phoenix Group have seen considerable share price falls despite facing few risks due to their substantial capital buffers, according to the investment bank. Shares of Just Group in particular are expected to double over the next 12 months to £1.60 from its current share price of £0.79, according to RBC.
Sell 'em
$NU
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