Jefferies cuts target for Munich Re stock from EUR 600.00 to EUR 550.00
Published on 10/05/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Munich Re (ISIN DE0008430026) was trading at EUR 507.60 at Lang & Schwarz on October 5, 2026 at 10:01 a.m. CEST, down 0.45 percent versus the prior close of EUR 509.90. The latest analyst catalyst came from FinanzNachrichten, which reported on September 28, 2026 that Jefferies cut its Munich Re target from EUR 600.00 to EUR 550.00 and retained a Hold rating.
Jefferies flags pricing pressure
Jefferies analyst Philip Kett said reinsurance prices were falling faster, creating uncertainty around Munich Re's strategic targets. Kett still expects the company to achieve them, but said execution risks should be reflected in equity costs, according to FinanzNachrichten on September 28, 2026.
The revised target is EUR 42.40 above the Lang & Schwarz price, equivalent to 7.72 percent above EUR 507.60. That gap gives the analyst view a measurable counterweight to the daily decline, while the Hold rating keeps the assessment balanced.
Q2 profit beat expectations
Munich Re reported net income of EUR 2.21 billion for the second quarter of 2026, compared with EUR 1.77 billion consensus. The difference equals 24.86 percent of consensus when both figures are rounded to two decimals, while the underlying source table reports EUR 2.214 billion against EUR 1.767 billion, a 25.30 percent premium.
The Q2 result followed EUR 1.71 billion of net income in the first quarter of 2026, according to the quarterly results table published by Marketscreener. The earnings comparison matters because it shows that operating performance has continued to offset softer reinsurance pricing in the first half of 2026.
Buyback supports capital return
Munich Re also bought back 330,611 shares between September 17 and September 23, 2026, bringing cumulative repurchases since May 14 to 2,840,323 shares. The Deutsche Boerse release dated September 23, 2026 said the purchases were executed through Xetra.
For the stock, the combination is clear: earnings provide support, while lower reinsurance prices and execution risks explain why the analyst target moved from EUR 600.00 to EUR 550.00. The next scheduled Q3 2026 earnings release is listed for November 12, 2026 by Marketscreener.
Stock stays below yearly high
Munich Re's Lang & Schwarz price of EUR 507.60 on October 5, 2026 stood within the 52-week range of EUR 437.40 to EUR 575.60. The market capitalization was EUR 64.9 billion as of October 5, 2026, giving the company a large-cap profile even as the daily quote moved below the prior close.
The further course of trading is shown by the continuously updated real-time quote of Munich Re stock.
Munich Re stock facts
- Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- ISIN: DE0008430026
- WKN: 843002
- Ticker: MUV2
- Primary exchange: Xetra
- Price Lang & Schwarz as of October 5, 2026 at 10:01 a.m. CEST: EUR 507.60
- Change versus prior close: minus 0.45 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 509.90
- Market capitalization: EUR 64.9 billion as of October 5, 2026
- 52-week range: EUR 437.40-EUR 575.60 as of October 5, 2026
- Sector / Industry: Financial Services / Insurance - Reinsurance
- Index membership: DAX 40
- Next earnings date: November 12, 2026
