Berenberg keeps EUR 163.00 target for Talanx stock

Published on 10/02/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit EUR 1.50 billion in first-half 2026, up 9.00 percent. Talanx stock costs EUR 117.55 on October 2, 2026 versus EUR 116.45.

Isometrische 3D-Grafik einer Versicherungs-Wertschöpfungskette mit Häusern, Autos und Figuren — Talanx AG (DE000TLX1005) dargestellt als isometrisches 3D-Diagramm der Wertschöpfungskette von Risikoprüfung bis Schadensauszahlung, Illustration mit AI erstellt.

Berenberg kept its Buy rating and EUR 163.00 target for Talanx on September 30, 2026, while Talanx stock was trading at EUR 117.55 at Lang & Schwarz on October 2, 2026 at 4:31 p.m. CEST, up 0.94 percent versus the EUR 116.45 prior close. The target lies 38.66 percent above the Lang & Schwarz price. wallstreetONLINE reported that analyst Michael Huttner also views Talanx as a candidate for regular DAX entry in March.

Record profit supports guidance

According to Europe Says on September 24, 2026, Talanx generated EUR 1.50 billion in net income in the first half of 2026, an increase of 9.00 percent from the prior-year period. Return on equity was 21.50 percent, while the solvency ratio stood at 246.00 percent.

The same first-half account said Talanx raised its full-year 2026 net income guidance to significantly above EUR 2.70 billion. The group combined ratio was below 90.00 percent, but management linked the guidance wording to uncertainty around large losses during the third quarter.

Analysts split on the next phase

Metzler restarted coverage with a Hold rating and a EUR 125.00 price target, according to Finimize on September 25, 2026. The bank modeled EUR 2.96 billion of net income for 2026 and EUR 2.96 billion for 2027, pointing to a flatter earnings path after the current year.

That contrasts with Berenberg's EUR 163.00 target and Buy rating. The gap between the two targets is EUR 38.00, while the latest Lang & Schwarz price sits EUR 7.45 below Metzler's target and EUR 45.45 below Berenberg's.

Stock trades above prior close

At Lang & Schwarz, Talanx was trading at EUR 117.55 on October 2, 2026 at 4:31 p.m. CEST, compared with a prior close of EUR 116.45. The structured market snapshot put market capitalization at EUR 30.3 billion and the Xetra quote at EUR 117.40 at 2:16 p.m. CEST on the same date.

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