Jefferies cuts target for Munich Re stock to EUR 550.00
Published on 10/01/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Munich Re (ISIN DE0008430026) was trading at EUR 494.20 at Lang & Schwarz on October 1, 2026, down 1.49 percent from the prior close of EUR 501.70. On September 25, 2026, Jefferies cut its Munich Re target from EUR 600.00 to EUR 550.00 and kept a Hold rating, according to FinanzNachrichten.de.
Jefferies flags softer reinsurance pricing
Jefferies analyst Philip Kett cited faster declines in reinsurance prices as the reason for the target reduction. The note still assumes that Munich Re can reach its strategic goals, but it says execution risks should be reflected in the cost of equity, according to FinanzNachrichten.de.
The new EUR 550.00 target stands 11.29 percent above the Lang & Schwarz price of EUR 494.20. That comparison leaves the analyst view constructive on long-term execution, while the Hold rating highlights the near-term pressure from market pricing.
Second-quarter earnings remain substantial
Munich Re generated net income of EUR 2.211 billion in the second quarter of 2026, compared with EUR 1.714 billion in the first quarter of 2026. A September 2026 market summary from Lightyear cites the second-quarter result and a first-half net result of EUR 3.925 billion.
The first-half figure represents 62.30 percent of Munich Re's EUR 6.30 billion full-year net-result target for 2026. The earnings profile therefore provides a quantified counterweight to the softer pricing argument behind the Jefferies target cut.
Buyback supports capital management
Munich Re bought back 330,611 shares between September 17 and September 23, 2026, taking cumulative purchases since May 14 to 2,840,323 shares. The company disclosed that the purchases were executed on Xetra in an announcement carried by EQS News on September 23, 2026.
Munich Re also generated insurance revenue of EUR 60.40 billion and a net result of EUR 6.10 billion in fiscal year 2025, according to Munich Re. Those historical figures show the scale of the group, while the current debate centers on whether pricing discipline can offset a softer market.
Munich Re stock trades below prior close
Munich Re stock was trading at EUR 494.20 at Lang & Schwarz on October 1, 2026 at 11:33 a.m. CEST, down 1.49 percent versus the Lang & Schwarz prior close of EUR 501.70 on September 30, 2026. 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 1, 2026 at 11:33 a.m. CEST: EUR 494.20
- Change versus prior close: minus 1.49 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 501.70
- Sector / Industry: Financial services
- Index membership: DAX
