Santam (JSE: SNT)

484.79 now, that's lekker.

484.79 now, that's a solid move up

432.60, that's a proper move today!

432.60 now! Santam having a day hey.

432.60 now! Lekker rally today.

412.18 now, through 400. Let's see if it sticks.

412.18 now, well looky look!

404.49 now. Below 400 soon?

404.49 now, below 400 next?

404.49, testing that 400 support again.

SNT sitting at R405.20 with insurance claims pressure still a headwind. Does the dividend yield justify holding through another tough underwriting year, or are we pricing in too much optimism on the recovery side?

Santam at R396.67 still offers reasonable value for a diversified short-tail insurer with consistent underwriting discipline, though the combination of rising claims inflation and competitive pricing pressure means growth won't come easy over the next 12 to 24 months. The dividen

SNT taking a knock today at 391.74, down 1.25%, but the insurance space has been under pressure on rising claims and rate headwinds. At current levels the yield looks reasonable if management can stabilise underwriting performance, though I'm not jumping in until we see some actu

That 0.78% pop feels like dead money given the insurance headwinds we're still seeing. I reckon SNT's valuation doesn't account for the claims inflation that's going to bite harder in the next reporting cycle, so this bounce is a shorting opportunity if it reaches 395.

SNT sitting just under R400, that's a proper test level. Insurance plays are getting hammered on rate hike fears but Santam's underwriting margins are still solid compared to the old days. If this breaks R400 on decent volume you might see some real money come in, motor book's been printing decent claims ratios too.

SNT's R400 resistance looking like a Sharks defensive line, eish.

R393.36 still below 400, claims ratio been dodgy lately ngl

SNT sitting just under R400, yields are decent but the real question is whether claims inflation keeps eating into margins. Motor and property are getting hammered by load-shedding and theft, so let's see if they can keep underwriting discipline tight without losing volume to Outsurance and Hollard.

SNT down 1.26% today but the dividend yield is still sitting at a respectable 5.5% odd, which keeps it on the radar for income players despite the short-term weakness. Insurance pricing dynamics remain tricky though, so not rushing in until we see the next earnings beat the guida

SNT down 1.26% today but the market's being too harsh on a 12% dividend yield at these levels, especially with insurance demand staying firm through the rate cycle. Think we're overcooked on the downside here given the underwriting fundamentals haven't cracked.