0810 GMT - ASR Nederland didn't provide an update on the almost 30% stake that is owned by Aegon and resulted from ASR's purchase of its peer's Dutch insurance business in 2023 but posted solid results, J.P. Morgan says in a research note after the Dutch insurer's annual print. "We would view any move by Aegon to start reducing its stake, accompanied by additional neutralising buybacks from ASR, as potential positive catalyst--but the timing remains uncertain," they say. The shares should react positively to the solid set of results and lift consensus estimates, analysts write. ASR rises 3.75% to 50.58 euros while Aegon is up 1.2% at 6.48 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 03:11 ET (08:11 GMT)
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