Oddo lifts target for Vienna Insurance stock while keeping Neutral

Published on 10/12/2026 at 09:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oddo kept Neutral with a EUR 68.00 target on October 7, 2026. Vienna Insurance stock costs EUR 64.80 on October 12, 2026 versus EUR 68.00.

Key points in brief

Oddo BHF kept a Neutral rating and raised its Vienna Insurance target from EUR 62.00 to EUR 68.00 on October 7, 2026.
Vienna Insurance reported first-half 2026 profit before tax of EUR 641.5 million, up 20.7 percent year over year.
Vienna Insurance stock was trading at EUR 64.80 at Lang & Schwarz on October 12, 2026 at 9:07 a.m. CEST.
The company confirmed a fiscal 2026 profit-before-tax outlook of EUR 1.25 billion to EUR 1.30 billion, excluding Nuremberger.

Vienna Insurance, AT0000908504, Illustration mit AI erstellt.

Vienna Insurance (AT0000908504) was trading at EUR 64.80 at Lang & Schwarz on October 12, 2026 at 9:07 a.m. CEST. Oddo BHF kept its Neutral rating and raised the target from EUR 62.00 to EUR 68.00 on October 7, 2026, according to Fio banka.

Target rises while rating stays Neutral

The target increase puts the analyst value at EUR 68.00, compared with the EUR 64.80 Lang & Schwarz price. That leaves a difference of EUR 3.20 between the market indication and the published target, while the rating itself remained unchanged.

First-half profit advances 20.7 percent

Vienna Insurance reported profit before tax of EUR 641.5 million in the first half of 2026, a 20.7 percent increase from the same period of 2025, according to Opojisteni. Written premiums reached EUR 9.0316 billion in the period, up 5.4 percent year over year, while the net combined ratio improved to 91.4 percent from 91.9 percent.

Three dates show the expansion path

On May 18, 2026, Vienna Insurance completed its acquisition of Nuremberger, described as its largest transaction to date, according to Opojisteni. On August 26, 2026, the company published its first-half results through its investor-relations page. On September 28, 2026, VIG set EUR 120.00 per share for the remaining Nuremberger minority shareholders and disclosed a 99.29 percent holding, according to EQS News.

Which dates come next?

Nuremberger shareholders are scheduled to vote on the squeeze-out at an extraordinary general meeting on November 12, 2026, while Vienna Insurance is scheduled to report quarterly results on November 26, 2026, according to EQS News and Yahoo Finance.

What supports the outlook?

Management confirmed a fiscal 2026 profit-before-tax outlook of EUR 1.25 billion to EUR 1.30 billion excluding Nuremberger, according to Opojisteni. The first-half solvency ratio stood at 272 percent, giving the earnings outlook a capital-strength measure alongside the improved combined ratio.

Stock valuation and market setting

Vienna Insurance Group's market capitalization was EUR 8.3 billion on October 9, 2026, and its 52-week range was EUR 43.35 to EUR 75.00. The company trades as VIG.VI on the Wiener Börse and belongs to the financial services sector, with diversified insurance across life, health and property and casualty lines.

At Lang & Schwarz, Vienna Insurance stock was trading at EUR 64.80 on October 12, 2026 at 9:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Vienna Insurance stock.