LazardSelective

Lazard vs Selective

This page compares Lazard and Selective, outlining each company’s business models, financial performance, and market context for a clear, neutral view. It explains how Lazard and Selective operate, ho...

Which Baskets Do They Appear In?

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Published: October 14, 2025

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Banking Consolidation Europe: Might UniCredit Spark Wave?

Banking Consolidation Europe: Might UniCredit Spark Wave?

Italian banking giant UniCredit is considering the sale of its significant stake in Germany's Commerzbank, potentially to a buyer outside the European Union. This development could trigger a wave of consolidation and acquisition activity across the European banking sector, creating opportunities for strategic investors and advisory firms.

Published: September 15, 2025

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European Banking M&A

European Banking M&A

UniCredit's major stake in Commerzbank signals the start of European banking consolidation. Our experts have selected companies positioned to benefit from this wave, including potential M&A targets and the investment banks that will earn fees from these deals.

Published: July 10, 2025

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The Dealmakers: M&A Boom

The Dealmakers: M&A Boom

A carefully selected group of financial institutions driving today's surge in mergers and acquisitions. These companies are the architects behind billion-dollar deals, earning significant fees as corporate dealmaking accelerates.

Published: June 30, 2025

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Megadeal Mania

Megadeal Mania

The world of big business deals is booming, with global merger activity up 30% to $1.89 trillion. This collection features the financial powerhouses behind these massive transactions – the investment banks, advisory firms, and private equity giants that stand to profit from the deal-making surge.

Published: June 30, 2025

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Banking & Finance Powerhouses

Banking & Finance Powerhouses

Invest in the cornerstones of the global economy. These carefully selected financial titans form the backbone of worldwide commerce and capital flow, chosen by our analysts for their market dominance and potential to benefit from changing economic conditions.

Published: June 17, 2025

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Investment Analysis

Pros

  • Lazard’s financial advisory segment posted record revenue this year, underpinned by strong deal activity and robust hiring of senior bankers.
  • The asset management division achieved record inflows and double-digit AUM growth year-to-date, reflecting solid product demand and investor confidence.
  • The company is currently viewed as undervalued by traditional metrics, scoring highly on undervaluation screens and offering an attractive dividend yield.

Considerations

  • Recent volatility in Lazard’s share price reflects broader sector uncertainty and sensitivity to global investment demand, with a sharp pullback in the past month.
  • Analyst consensus is predominantly neutral, signalling limited near-term catalysts and a price target suggesting modest downside from current levels.
  • Competitive pressures in advisory and asset management remain intense, requiring sustained hiring and investment to maintain growth.

Pros

  • Selective Insurance has consistently delivered industry-leading underwriting profitability with a combined ratio below 90% over recent years.
  • The company benefits from disciplined pricing and risk selection, supporting stable premium growth and a strong regional franchise.
  • A robust balance sheet and conservative reserving practices provide resilience against industry volatility and economic cycles.

Considerations

  • Selective Insurance’s concentrated geographic footprint in the US Midwest and East Coast exposes it to regional weather and catastrophe losses.
  • The property and casualty insurance sector faces persistent inflationary pressures on claims costs, challenging margins despite rate increases.
  • Selective’s lower scale compared to national insurers limits its ability to diversify risk and invest in technology at pace.

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