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NÜRNBERGER Beteiligungs-AG: what insiders have been doing
NÜRNBERGER Beteiligungs-AG, classified in the Banks sector, is a listed company based in Nuremberg, Germany, founded in 1884. Its insiders report their share dealings to BaFin. Between 18 October 2025 and 18 October 2026, 4 insiders published 4 filings.
The flow runs one way only: 4 sales worth €161k, from 4 insiders, and no purchase. Arnoldussen, Dr. Ludger filed the largest sale, €91k, on 4 November 2025.
Compared with its exchange (287 companies, median 5 filings), a count of 4 filings is below the norm. Looking back to 2025, when coverage begins, insiders filed no purchases and 4 sales.
The median gap between a trade and its publication by BaFin is 1 day. The legal deadline for notifying a trade is three business days (MAR article 19). Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
For comparison within the same sector, see the insider buying recorded at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. Every figure here comes from the filings published by BaFin and describes the past, not future prices; it is not investment advice.
Insider Decl.
4
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€160,680
4 ops. · all time
Who traded when
BuySaleWolfram Politt2 sales
Andreas Politycki1 sale
Dr. Ludger Arnoldussen1 sale
Mirko Wolf1 sale
Fundamental score
Ranked 14,680 of 24,148 companies
45.0
score / 100
Value43
Quality47
FCF yld-1.1%
Earn yld3.1%
EV/EBITDA12.8x
ROE5.3%
Gross mgn·
Net mgn0.9%
Debt/EBITDA0.9x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€125.00
Analyst consensus
1 analysts3.00/5
€120.00Target €120.00(-4%)€120.00
Income statement
Revenue€4.9B
EBITDA€120.9M2% margin
Net income€44.4M0.9% margin
Valuation
PER (trailing)31.6x
P/Book1.7x
Beta0.27
Balance sheet & cash
Market cap€1.4B
Total debt€110.4M
Free Cash Flow-€15.5M
Debt / Equity12%
Profitability & ownership
ROE5.3%
ROA-0.1%
% insiders54.2%
% institutions15.0%
Last declaration on 6 November 2025
Declarations4 total
184 shares@ €120.00100.0% of flowShareISIN DE0008435967BAFIN:40001481-c565721674c7
760 shares@ €120.00100.0% of flowShareISIN DE0008435967BAFIN:40001481-53e0d8238f14
196 shares@ €120.00100.0% of flowShareISIN DE0008435967BAFIN:40001481-22778a94091d
199 shares@ €120.00100.0% of flowShareISIN DE0008435967BAFIN:40001481
4 of 4 declarations
About NÜRNBERGER Beteiligungs-AG
NÜRNBERGER Beteiligungs-AG is the listed holding company of the NÜRNBERGER insurance group, headquartered in Nürnberg, Germany, and traded on Xetra/Frankfurt (DAX/MDAX/SDAX) under ticker NBG6.DE. The group traces its origins back to 1884, when its insurance business was founded, giving it a long operating history in the German insurance market. Today, the holding acts as the strategic and operational umbrella for a diversified insurance and financial-services platform with a well-established brand in personal lines, life protection, and business insurance. ([nuernberger.de](https://www.nuernberger.de/impressum/?utm_source=openai))
The group’s core activities span life insurance, health insurance, property and casualty insurance, and a broad set of savings and retirement solutions. Its product range includes income protection, occupational disability insurance, private health insurance, long-term care, accident cover, home and household insurance, and tailored protection for self-employed customers and SMEs. NÜRNBERGER also emphasizes digital health and assistance services, as well as investment-linked retirement solutions and sustainable insurance propositions. ([nuernberger.de](https://www.nuernberger.de/?utm_source=openai))
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From a competitive standpoint, NÜRNBERGER is best described as a mid-sized, diversified German insurer with notable expertise in personal protection products, especially occupational disability and income replacement coverage. In these segments, product quality, underwriting discipline, and service reputation are key differentiators. The company also participates in private health insurance and selected commercial lines, which helps broaden its revenue base in a market that is highly competitive and dominated by larger domestic groups and mutual insurers. ([nuernberger.de](https://www.nuernberger.de/beruf-vorsorge/existenzsicherung/unfallversicherung/?utm_source=openai))
Geographically, the business is primarily centered in Germany, with its main headquarters at Ostendstraße 100, 90334 Nürnberg. The group’s distribution and service footprint is largely domestic, although some legacy and affiliate structures also exist across German-speaking markets. For investors, it is worth noting that NÜRNBERGER Beteiligungs-AG is subject to German capital-market transparency rules, including BaFin reporting obligations for managers’ transactions under Article 19 of the Market Abuse Regulation. ([nuernberger.de](https://www.nuernberger.de/impressum/?utm_source=openai))
Recent highlights point to ongoing product refreshes, digital modernization, and continued emphasis on health, protection, and retirement solutions. Public product pages and downloadable materials updated through 2025 indicate steady refinement of coverage terms, assistance services, and underwriting conditions, suggesting a focus on incremental competitiveness and customer service rather than a wholesale strategic pivot. ([nuernberger.de](https://www.nuernberger.de/themenwelt/beruf-vorsorge/bu-studenten-berufseinsteiger/?utm_source=openai))
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