Has a mean-reversion in the mid-cap shares of Mony Group LSE:MONY now been fulfilled on the downside, offering value in the same way that the price became too pricy a few years ago? Are there ingredients for a fresh uptrend besides a 6.
This used to be known as Moneysupermarket. It is a classic dilemma when growth shares mature; if the underlying earnings growth rate slows relative to a high rating, profit-taking accelerates as holders rush to protect gains. The shareholder base must replace those who originally bought for growth, to people seeking a material yield.
With the dividend of Again, in inflation-adjusted terms, it is near-flat. While covered just 1. So, a key question is how durable is this outperformance by insurance after premiums in the industry jumped in the last year or so, prompting more scrutiny at renewals thus benefiting Mony?
Or if people do cling to their holidays, obtaining better value is potentially a game changer. Influences on these divisions are thus tricky to judge. The insurance side benefited from life and travel more than offsetting declines in car and home as high premiums inflation eased. While growth in borrowing, hence credit cards, boosted money, it was hurt overall by fewer attractive current account deals.
Home services saw improvement in energy switching albeit checked by retention offers at renewal for broadband and mobile.
