VIENNA INSURANCE: Austria adventure ends with +51%!

Now the big and very successful line has been drawn: We sold the shares of the Austrian insurer VIENNA INSURANCE GROUP on December 22, 2023 at a price of EUR 26.40 (FX: 0.9425). Together with the four dividends since 2020, this results in a scheduled and very satisfactory performance of +51.3%! It is not that we are worried about this company, because the VIENNA INSURANCE GROUP continues to operate very reliably, very future-oriented (also in terms of sustainability) and, above all, very transparently and innovatively. Nevertheless, due to the low free float and the fact that the Wiener Städtische cooperative is the main shareholder, the share price performance is rather sluggish. In principle, such a share could easily be held in a portfolio for the long term, primarily in terms of the dividend yield. Our decision to sell is based on the one hand on the handsome profit, on the other hand we wanted to reduce the EU reference - it is enough if Germany is not running! - and avoid reclaiming the high withholding tax deductions (27.5%) in future. All in all, we are very satisfied with the "Austria adventure" and will continue to follow the share ... Re-entry below EUR 20?