The considerable ownership by retail investors in NÜRNBERGER Beteiligungs-AG indicates that they collectively have a greater say in management and business strategy
53% of the business is held by the top 3 shareholders
If you want to know who really controls NÜRNBERGER Beteiligungs-AG (ETR:NBG6), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 32% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Meanwhile, institutions make up 31% of the company’s shareholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.
Let's take a closer look to see what the different types of shareholders can tell us about NÜRNBERGER Beteiligungs-AG.
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.
NÜRNBERGER Beteiligungs-AG already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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.
XTRA:NBG6 Earnings and Revenue Growth November 15th 2024
NÜRNBERGER Beteiligungs-AG is not owned by hedge funds. Our data shows that Neue SEBA Beteiligungsgesellschaft mbH is the largest shareholder with 21% 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%.
To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
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. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
Insider Ownership Of NÜRNBERGER Beteiligungs-AG
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here.
General Public Ownership
The general public, who are usually individual investors, hold a 32% stake in NÜRNBERGER Beteiligungs-AG. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
We can see that Private Companies own 21%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
Public Company Ownership
Public companies currently own 16% of NÜRNBERGER Beteiligungs-AG stock. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand NÜRNBERGER Beteiligungs-AG better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for NÜRNBERGER Beteiligungs-AG you should be aware of, and 1 of them is concerning.
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.
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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.
