Talanx stock: Berenberg keeps Buy target at EUR 163.00 for Talanx stock

Published on 10/21/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit EUR 1.50 billion in first-half 2026. Talanx stock costs EUR 125.95 on October 21, 2026, up 0.92 percent versus Xetra close.

Analyst target and earnings

Berenberg maintained its Buy rating and EUR 163.00 price target on September 30, 2026.
Talanx reported EUR 1.50 billion in first-half 2026 net income, up 9.00 percent year over year.
Talanx stock costs EUR 125.95 at Lang & Schwarz on October 21, 2026, 0.92 percent above the Xetra close and 2.21 percent below the 52-week high.
Talanx is scheduled to publish its third-quarter 2026 statement on November 12, 2026.

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Talanx (ISIN DE000TLX1005) remains backed by Berenberg's Buy rating and EUR 163.00 price target, according to MarketScreener on September 30, 2026. The target stands 29.42 percent above the Lang & Schwarz price of EUR 125.95 at 4:35 p.m. CEST on October 21, 2026, or EUR 1.15 and 0.92 percent above the Xetra close of October 20, 2026 at EUR 124.80.

First-half earnings set the tone

Talanx reported EUR 1.50 billion in net income for the first half of 2026, an increase of 9.00 percent from the comparable period. The result was described in EuropeSays as a record result, while full-year 2026 net income guidance stood significantly above EUR 2.70 billion. Return on equity was 21.50 percent for the first half.

Stock sits below its yearly high

Talanx stock is EUR 2.85 below its 52-week high of EUR 128.80 and 28.30 percent above its 52-week low of EUR 97.65. The quote carried 17,072 shares in volume on October 21, 2026. Its price-to-earnings ratio was 12.47, while market capitalization stood at EUR 32.5 billion.

November date and peer valuation

Talanx is scheduled to publish its third-quarter 2026 statement on November 12, 2026, according to EQS News on October 6, 2026. The next report will test whether the strong first-half result and raised guidance can withstand the traditionally more loss-sensitive third quarter.

Comparison with peers

Talanx: up 0.92 percent, P/E 12.47, market capitalization EUR 32.5 billion. Allianz (Xetra, EUR): up 0.97 percent, P/E 14.34, market capitalization EUR 165.7 billion. Hannover Re (Xetra, EUR): up 0.47 percent, P/E 3.66, market capitalization EUR 33.4 billion.

Target distance remains material

Berenberg's EUR 163.00 target is 29.42 percent above the Lang & Schwarz price. The market is therefore pricing Talanx below the analyst's stated valuation while the company approaches its November reporting date.

The further course of trading is shown by the continuously updated real-time quote of Talanx stock.