Stock Analysis

NÜRNBERGER Beteiligungs-AG's (ETR:NBG6) market cap touched €503m last week, benefiting both individual investors who own 34% as well as institutions

XTRA:NBG6
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Key Insights

  • NÜRNBERGER Beteiligungs-AG's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public
  • A total of 3 investors have a majority stake in the company with 51% ownership
  • Institutions own 31% of NÜRNBERGER Beteiligungs-AG
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Every investor in NÜRNBERGER Beteiligungs-AG (ETR:NBG6) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 34% to be precise, is individual investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

While individual investors were the group that reaped the most benefits after last week’s 11% price gain, institutions also received a 31% cut.

Let's take a closer look to see what the different types of shareholders can tell us about NÜRNBERGER Beteiligungs-AG.

Check out our latest analysis for NÜRNBERGER Beteiligungs-AG

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XTRA:NBG6 Ownership Breakdown April 23rd 2025

What Does The Institutional Ownership Tell Us About NÜRNBERGER Beteiligungs-AG?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in NÜRNBERGER Beteiligungs-AG. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of NÜRNBERGER Beteiligungs-AG, (below). Of course, keep in mind that there are other factors to consider, too.

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XTRA:NBG6 Earnings and Revenue Growth April 23rd 2025

Hedge funds don't have many shares in NÜRNBERGER Beteiligungs-AG. Neue SEBA Beteiligungsgesellschaft mbH is currently the largest shareholder, with 19% of shares outstanding. The second and third largest shareholders are Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München and Versicherungskammer Bayern Versicherungsanstalt Des öffentlichen Rechts, Asset Management Arm, with an equal amount of shares to their name at 16%.

A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 51% stake.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of NÜRNBERGER Beteiligungs-AG

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.

General Public Ownership

The general public, who are usually individual investors, hold a 34% stake in NÜRNBERGER Beteiligungs-AG. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Private Company Ownership

It seems that Private Companies own 19%, of the NÜRNBERGER Beteiligungs-AG stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Public Company Ownership

It appears to us that public companies own 16% of NÜRNBERGER Beteiligungs-AG. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.

I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Valuation is complex, but we're here to simplify it.

Discover if NÜRNBERGER Beteiligungs-AG might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.