Migdal Insurance & Financial, IL0010811656

Migdal sells Shufersal stake: what it means for Migdal Insurance & Financial stock

Published on 10/09/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Migdal sold ILS 125.00 million of Shufersal shares. Migdal Insurance & Financial stock was ILA 1,889.00 versus ILA 1,885.00.

Key points in brief

Migdal sold ILS 125.00 million of Shufersal shares and fell below the 5 percent ownership threshold on September 25, 2026.
The group agreed to pay NIS 56.953 million in a conditional insurance class-action settlement on September 23, 2026.
Migdal Insurance & Financial stock was ILA 1,889.00 on October 9, 2026, up 0.21 percent from ILA 1,885.00.
The stock stood 14.29 percent below its ILA 2,204.00 52-week high, with market capitalization at ILA 20.0 billion.

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

Migdal Insurance & Financial stock (ISIN IL0010811656) was trading at ILA 1,889.00 on the Tel Aviv Stock Exchange on October 9, 2026 at 1:45 p.m. IDT. The group had sold ILS 125.00 million of Shufersal shares on September 25, 2026, reducing its holding below 5 percent, according to WireIsrael. The transaction changes Migdal's position from a disclosed major shareholder to a financial investor with a smaller exposure to the retailer.

Three capital moves in 2026

On September 10, 2026, Migdal agreed to acquire 50 percent of three long-term rental projects for NIS 697.00 million, with a further NIS 160.00 million earmarked for construction financing, according to IsRealEstate.

On September 23, 2026, Migdal was listed among five insurers involved in a proposed NIS 310.70 million settlement over delayed policy payouts. Its stated share was NIS 56.953 million, conditional on court approval, according to WireIsrael.

Finally, on September 25, 2026, the Shufersal disposal brought the three disclosed capital events into a clear sequence: property investment, a contingent legal payment and portfolio rebalancing. The sale was made after Migdal had held 6.2 percent of Shufersal, according to WireIsrael.

What does the sale change?

The immediate effect is a smaller concentration in one retail holding, while the rental transaction adds exposure to property assets with 779 apartments across three projects, according to IsRealEstate. The mix matters because the Lod project was already occupied, while the Ramat Gan project still depended on planning and construction milestones.

The legal settlement adds a separate liability point. The NIS 56.953 million amount remains conditional on court approval, so it is not equivalent to a completed cash payment, according to WireIsrael.

Stock remains below its yearly high

Migdal Insurance & Financial stock was up 0.21 percent versus the prior close of ILA 1,885.00 on October 9, 2026. Its ILA 1,889.00 price was 14.29 percent below the 52-week high of ILA 2,204.00 and 82.34 percent above the ILA 1,036.00 low.

Market capitalization stood at ILA 20.0 billion on October 9, 2026. The combination of a 0.21 percent daily move, a 14.29 percent gap to the yearly high and three recent capital decisions gives the stock a market story shaped by allocation as much as by insurance operations.