Migdal Insurance & Financial, IL0010811656

Migdal names Eliahu acting CEO. 45.5 percent ownership shapes Migdal Insurance & Financial stock

Published on 10/19/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eliahu will serve until a permanent CEO is appointed at the holding company. ILS 125.0 million in sales adds context for Migdal Insurance & Financial stock.

Leadership and valuation facts

Shlomo Eliahu became acting CEO on October 8, 2026.
Migdal sold an ILS 125.0 million Shufersal stake on September 25, 2026.
Simply Wall St cited a 10.8 times price-to-earnings ratio on October 15, 2026.

Migdal Insurance & Financial, IL0010811656, Illustration mit AI erstellt.

Migdal Insurance & Financial (ISIN IL0010811656) appointed controlling shareholder Shlomo Eliahu as acting CEO on October 8, 2026, placing ownership and day-to-day management in the same hands, WireIsrael reported. The leadership change is the clearest company-specific catalyst for the stock after a year of stronger earnings and changing capital allocation.

What changed on October 8?

Eliahu took the interim role after Yossi Ben Baruch left the holding company leadership. The appointment affects the upper holding layer, while the operating insurance subsidiary retains its own chairman and chief executive, according to WireIsrael.

What does control mean?

The ownership structure gives the change financial weight. Simply Wall St said on October 15, 2026, that Eliahu's appointment concentrated ownership and daily management, while Migdal's year-to-date share return stood at 20.26 percent and its twelve-month total shareholder return reached 75.43 percent, Simply Wall St reported. The same analysis cited a 10.8 times price-to-earnings ratio and a 17.5 percent return on equity, making governance the counterweight to the recent earnings momentum.

Three dates reshape the story

On September 25, 2026, Migdal sold shares worth ILS 125.0 million and reduced its Shufersal holding below 5.00 percent, according to WireIsrael. On October 8, 2026, Eliahu became acting CEO. On October 15, 2026, Simply Wall St published its valuation review with the 20.26 percent year-to-date return.

Valuation remains measurable

The last quoted TASE price was ILS 19.89 on October 16, 2026. Against that backdrop, the leadership decision, the Shufersal disposal and the 10.8 times valuation give investors three concrete markers for assessing Migdal's next management phase.