AXA S.A., FR0000120628

J.P. Morgan keeps Buy rating for AXA stock at EUR 52 target

Published on 10/09/2026 at 12:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year 2026 underlying earnings per share grew 8.00 percent at AXA. AXA stock costs EUR 41.64 on October 9, 2026 versus its EUR 41.69 prior close.

Key points in brief

J.P. Morgan maintained a Buy rating and a EUR 52.00 price target for AXA stock on October 7, 2026.
AXA reported 8.00 percent underlying earnings per share growth for the first half of 2026.
AXA stock was at EUR 41.64 at Lang & Schwarz on October 9, 2026, versus a EUR 41.69 prior close.
AXA's next nine-month activity update is scheduled for October 29, 2026.

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J.P. Morgan maintained its Buy rating and EUR 52.00 price target for AXA stock on October 7, 2026, according to Markets Insider. AXA stock was at EUR 41.64 at Lang & Schwarz on October 9, 2026 at 12:14 p.m. CEST, versus the EUR 41.69 prior close.

Buy target leaves room

The EUR 52.00 target stands 24.88 percent above the Lang & Schwarz price of EUR 41.64. That comparison gives the analyst call a clear valuation reference, while the current quote remains 8.80 percent below AXA's EUR 45.66 52-week high.

The latest rating followed AXA's strategic repositioning and the insurer's capital-return plans. J.P. Morgan's target is also above the stock's current market level, but the target is an analyst assessment rather than company guidance.

Half-year numbers set baseline

AXA's first-half 2026 earnings call reported 5.00 percent organic top-line growth, 8.00 percent growth in underlying earnings per share and an 18.00 percent return on equity. The Solvency II ratio stood at 218.00 percent in the same period, according to Yahoo Finance.

The operating picture included 6.00 percent growth in property and casualty earnings and 11.00 percent growth in life and health earnings during the first half of 2026. AXA also added 2.00 million net new personal-line contracts in that period, compared with 1.70 million during all of 2025.

Three dated corporate steps

On September 15, 2026, AXA set a 7.00 percent to 9.00 percent compound annual growth target for underlying earnings per share for 2026 to 2029 and a 75.00 percent total payout target, according to AXA. On October 1, 2026, AXA agreed to a share repurchase of up to EUR 470.80 million to offset Shareplan 2026 dilution, also according to AXA. On October 7, 2026, the company launched the Claude Bébéar Grand Prize, with awards of EUR 100,000 and EUR 200,000 over two years, according to AXA.

What dates matter next?

AXA is scheduled to publish its nine-month 2026 activity indicators on October 29, 2026, according to AXA. The Shareplan 2026 capital increase is expected on December 3, 2026, while the buyback transactions are scheduled to end by October 29, 2026.

AXA stock stays below yearly high

AXA stock was at EUR 41.64 at Lang & Schwarz on October 9, 2026 at 12:14 p.m. CEST, down 0.12 percent versus the EUR 41.69 prior close. The quote sits within a EUR 36.55 to EUR 45.66 52-week range, and AXA's market capitalization was EUR 85.7 billion on October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of AXA stock.