Vontobel cuts target for Swiss Re stock to CHF 145.00

Published on 10/13/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 net income rose to USD 2.8 billion from USD 2.6 billion. Swiss Re stock costs EUR 157.35 on October 13, 2026, up 1.00 percent on SIX.

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Black and white documentary photograph of an actuary in shirt sleeves standing at a large blackboard. The board is covered in probability curves, statistical distribution graphs, and fault-tree diagrams. He points to a loss exceedance curve drawn in chalk — Swiss Re Aktuar erklärt komplexe Risikomodelle und Wahrscheinlichkeitskurven an der Tafel, CH0126881561, Illustration mit AI erstellt.

Vontobel cut its Swiss Re target from CHF 150.00 to CHF 145.00 on October 13, 2026, as TradingView reported. The new target sits 0.96 percent below the SIX price of CHF 146.40, while Swiss Re stock was trading at EUR 157.35 at Lang & Schwarz on October 13, 2026 at 2:14 p.m. CEST, up 1.00 percent on SIX.

Net income reaches USD 2.8 billion

Swiss Re earned USD 2.8 billion in net income in the first half of 2026, compared with USD 2.6 billion in the first half of 2025. Business Wire reported the figures on September 17, 2026, in coverage of AM Best's ratings action. The comparison represents a USD 0.2 billion year-over-year increase and gives the target cut a clear earnings backdrop.

Swiss Re sits below its yearly high

The SIX quote of CHF 146.40 at 2:04 p.m. CEST on October 13, 2026 was CHF 7.40 below the 52-week high of CHF 153.80 and CHF 32.35 above the 52-week low of CHF 114.05. The resulting distance from the high is 4.81 percent, while the Lang & Schwarz bid was EUR 157.30 and the ask was EUR 157.40 at 2:14 p.m. CEST.

Valuation and November results

Swiss Re had a market capitalization of CHF 43.2 billion and a price-to-earnings ratio of 10.65 on October 13, 2026. Boerse Global reported that the company scheduled its nine-month 2026 results for November 6, 2026.

Comparison with peers

Swiss Re (SIX, CHF): plus 1.00 percent, P/E 10.65, market capitalization CHF 43.2 billion
Hannover Re (Xetra, EUR): plus 1.27 percent, P/E 3.57, market capitalization EUR 32.6 billion
Munich Re (Xetra, EUR): plus 0.76 percent, P/E 9.89, market capitalization EUR 67.9 billion

Price and Swiss exchange move

For investors, the central tension is visible in the gap between a rising first-half profit figure and Vontobel's lower CHF 145.00 target. The company enters its November 6 results date with the SIX price 4.81 percent below its yearly high, while Swiss Re's P/E of 10.65 remains above Hannover Re's 3.57 and Munich Re's 9.89.

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