Latest news with #Dai-ichiLifeHoldings
Nikkei Asia
30-06-2025
- Business
- Nikkei Asia
Dai-ichi Life, Marubeni to launch $2.8bn Japan property fund
Japan's major public pension funds allocate less than 1% of their assets to real estate, lower than many overseas funds. © Reuters OKI HIDAKA TOKYO -- Life insurer Dai-ichi Life Holdings and trading house Marubeni are establishing a fund management company that will invest 400 billion yen ($2.77 billion) in Japanese real estate this fiscal year, collecting money from the nation's pension funds, which are less active in the sector than their overseas counterparts. The two Japanese companies are establishing Tuesday a 50-50 joint venture named Dai-ichi Life Marubeni Real Estate. The duo's total of seven real estate units will integrate under the new venture, which will operate real estate investment management and real estate development businesses.
Business Insider
21-06-2025
- Business
- Business Insider
Morgan Stanley downgrades Dai-ichi Life Holdings (DCNSF) to a Hold
In a report released yesterday, Mia Nagasaka from Morgan Stanley downgraded Dai-ichi Life Holdings (DCNSF – Research Report) to a Hold, with a price target of Yen1,200.00. The company's shares closed last Tuesday at $7.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Nagasaka is a 2-star analyst with an average return of -0.5% and a 57.14% success rate. Nagasaka covers the Financial sector, focusing on stocks such as MS&AD Insurance Group Holdings, Chiba Bank, and Dai-ichi Life Holdings. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dai-ichi Life Holdings with a $8.90 average price target. The company has a one-year high of $8.66 and a one-year low of $5.52. Currently, Dai-ichi Life Holdings has an average volume of 361.
Yahoo
02-06-2025
- Business
- Yahoo
Dai-ichi Life to acquire 15% stake in British insurer M&G
Dai-ichi Life Holdings has revealed plans to acquire a 15% stake in UK-based insurer M&G through on-market purchases 'to capture long-term value creation opportunities across an array of strategic initiatives'. The acquisition, subject to regulatory approvals, is part of a long-term strategic partnership between the two companies covering asset management and life insurance. Once the 15% threshold is reached and certain conditions are met, Dai-ichi will have the right to appoint a director to M&G's board. Under the terms, M&G will become Dai-ichi's preferred asset management partner in Europe. The partnership will focus on growth, distribution and product development, with the aim of generating new business flows for both companies. M&G expects the partnership to support its expansion into European private markets and open new business opportunities in Japan and Asia. Dai-ichi will gain access to M&G's investment capabilities across public and private markets to support its own portfolio and client needs, and will collaborate to enhance Dai-ichi's expertise in bulk purchase annuities. Dai-ichi Life HD president and CEO Tetsuya Kikuta said: 'Dai-ichi Life Holdings is delighted to enter into a strategic alliance with M&G, a highly regarded global player in the insurance and asset management industries, to collaborate and develop capabilities together in multiple areas, especially in Europe. 'We see our partnership with M&G acting as a spearhead to develop our presence across Europe and the UK, accelerating our strategy to become a global top-tier insurance group.' The partnership is expected to generate at least $6bn in flows into M&G funds over five years, with Dai-ichi expecting at least $2bn (Y285.83bn) in new flows through investments and distribution of its products. An implementation agreement outlines Dai-ichi Life HD's governance rights and includes restrictions such as a two-year lock-up, a 19.99% shareholding cap and an orderly market arrangement for share disposals. Commenting on the partnership, M&G Group CEO Andrea Rossi stated: 'It brings together two highly complementary international businesses with shared growth ambitions who aim to deliver excellent client service and sustainable shareholder returns.' In April, TAL, a subsidiary of Dai-ichi Life Holdings, agreed to acquire a 15.1% stake in retirement solutions provider Challenger for Y80bn. "Dai-ichi Life to acquire 15% stake in British insurer M&G " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Nikkei Asia
30-05-2025
- Business
- Nikkei Asia
Japan's Dai-ichi Life to acquire 15% stake in British insurer M&G
TOKYO -- Japan's Dai-ichi Life Holdings on Friday said it will acquire a 15% stake in M&G, a major British life insurance company. The investment is expected to exceed 150 billion yen ($1 billion). The two companies announced a new long-term strategic partnership across asset management and life insurance.
Nikkei Asia
12-05-2025
- Business
- Nikkei Asia
Japan's Dai-ichi Life to boost stake in UK hedge fund Capula
TOKYO -- Japanese life insurance group Dai-ichi Life Holdings will make U.K.-based hedge fund Capula Investment Management an equity-method affiliate, looking to tap the company's bond investment expertise amid market turbulence. Subsidiary Dai-ichi Life Insurance acquired Capula shares from trading house Mitsubishi Corp. in 2018 and now holds just under a 5% stake. It plans to acquire an additional 10%-plus interest as soon as this month for an undisclosed sum, bringing its stake to 15%.
