Jefferies cuts target to CHF 110 for Swiss Re stock

Published on 10/14/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income was USD 2.8 billion versus USD 2.6 billion. Swiss Re stock costs EUR 155.88 on October 14, 2026, while SIX last stood at CHF 145.80.

Warning meets strong first-half results

Jefferies cut its Swiss Re target from CHF 130 to CHF 110 on October 13, 2026.
Swiss Re reported USD 2.8 billion in net income for the first half of 2026, versus USD 2.6 billion.
Swiss Re stock traded at EUR 155.88 at 1:21 p.m. CEST at Lang & Schwarz on October 14, 2026.

Extreme macro photograph of a white die and a polished compass resting on a dark matte surface. A single directional light source casts sharp dramatic shadows. Shallow depth of field keeps both objects in razor-sharp focus against a neutral grey-black bac — Swiss Re Risikoabwägung: Makro-Detail von Würfel und Kompassnadel mit dramatischen Schatten, CH0126881561, Illustration mit AI erstellt.

Swiss Re (ISIN CH0126881561) was trading at EUR 155.88 at Lang & Schwarz on October 14, 2026 at 1:21 p.m. CEST. The latest company-specific catalyst was a Jefferies downgrade published on October 14 after the research note dated October 13, 2026.

Jefferies lowers its target

According to Finanzen.net, Jefferies cut its rating from Hold to Underperform and reduced its price target from CHF 130 to CHF 110 on October 13, 2026. The analysts cited pressure on reinsurance prices and warned that the decline could accelerate.

Investing.com reported that Jefferies put its 2027 revenue estimates 7 percent below consensus and its 2030 estimates 19 percent below consensus. The firm also cut its 2027 earnings forecast by 12 percent, making the earnings path the central concern behind the downgrade.

What does the warning mean?

The warning contrasts with Swiss Re's latest reported performance. AM Best said Swiss Re reported USD 2.8 billion in net profit for the first half of 2026, up from USD 2.6 billion in the first half of 2025. Return on equity was 22.7 percent in the first half of 2026, while the group remained on track for its financial targets for the year.

Three dated signals for Swiss Re

On September 17, 2026, AM Best affirmed an A+ financial strength rating and cited USD 2.8 billion in first-half net profit. On October 5, 2026, Kepler Cheuvreux initiated coverage with a Reduce rating and a CHF 131.00 target, according to Investing.com. On October 13, 2026, Jefferies cut its target from CHF 130 to CHF 110.

Next results date is November 5

Finanzen.ch identified November 5, 2026 as the expected date for Swiss Re's third-quarter results. That release will offer the next test of whether strong first-half profitability can offset softer reinsurance pricing.

Swiss Re stock inside its SIX range

On SIX, Swiss Re was last at CHF 145.80 on October 14, 2026 at 1:05 p.m. CEST, within its CHF 114.05 to CHF 153.80 52-week range. The company had a market capitalization of CHF 43.0 billion as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Swiss Re stock.