0949 GMT - Several factors limit an increase in Scor's payout in the midterm, making its shares less attractive, UBS says in a research note, downgrading its rating on the French reinsurer's stock to neutral. "The current 7.2% 2025 [estimated] dividend yield is no longer sufficient a premium over some of its reinsurance peers to justify a buy rating, in our view," analysts write. The dividend payout is set to remain at around 50% due to its debt leverage, net organic capital generation and solvency quality, they write. The company needs to deliver on its earnings to enhance operational credibility, they say. Shares slip 3% to 26.8 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 05:49 ET (09:49 GMT)
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