Munich Re stock trades at EUR 510.10 as Jefferies cuts target

Published on 09/30/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies cut its Munich Re target from EUR 600.00 to EUR 550.00 on September 28, 2026. Q2 revenue reached EUR 18.64 billion, up 6.38 percent year over year.

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Munich Re (ISIN DE0008430026) was trading at EUR 510.10 at Lang & Schwarz on September 30, 2026 at 9:39 a.m. CEST, while Jefferies reduced its price target from EUR 600.00 to EUR 550.00. The target revision puts reinsurance pricing and execution risk at the center of the stock story.

Jefferies lowers its target

According to Investing.com on September 28, 2026, Jefferies kept its Hold rating but lowered the target to EUR 550.00 from EUR 600.00. The analyst cited a faster decline in reinsurance prices and said execution risks should be reflected in the cost of equity.

At EUR 510.10, the new target lies 7.82 percent above the Lang & Schwarz price. That spread is smaller than the former target implied, making the analyst revision a measurable reset in expectations rather than a change in rating.

Q2 revenue rises 6.38 percent

finanzen.net reported on September 15, 2026, that Munich Re posted Q2 2026 revenue of EUR 18.64 billion, up 6.38 percent from EUR 17.53 billion in the prior-year quarter. Earnings per share rose to EUR 17.50 from EUR 15.94, giving investors a second quantified measure of year-over-year improvement.

The operating profile remains broad. Munich Re describes the group as active in reinsurance, primary insurance and insurance-related risk solutions, with ERGO and MEAG complementing the reinsurance business. That diversification gives the earnings comparison more weight as pricing conditions soften in parts of the market.

Stock remains below yearly high

Munich Re had a market capitalization of EUR 65.3 billion on September 30, 2026. Its 52-week range was EUR 437.40 to EUR 575.60, placing the Lang & Schwarz price EUR 65.50 below the high and EUR 72.70 above the low.

At Lang & Schwarz, Munich Re was trading at EUR 510.10 on September 30, 2026 at 9:39 a.m. CEST, up 0.61 percent versus the EUR 507.00 prior close from September 29, 2026. The stock's next reference point is the balance between Q2 earnings growth and the lower reinsurance pricing assumptions highlighted by Jefferies.