Munich Re stock falls 1.05 percent to EUR 508.60
Published on 09/29/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Munich Re stock (ISIN DE0008430026) was trading at EUR 508.60 at Lang & Schwarz on September 29, 2026, at 12:39 p.m. CEST, down 1.05 percent versus the Xetra close of EUR 514.00 from September 28, 2026. The move follows a fresh reduction in Jefferies' valuation target for the reinsurer.
Jefferies lowers its target
According to FinanzNachrichten.de on September 28, 2026, Jefferies cut its Munich Re price target from EUR 600.00 to EUR 550.00 and retained a Hold rating. The original study was dated September 25, 2026, and analyst Philip Kett cited faster declines in reinsurance prices as the reason for the more cautious valuation.
The EUR 50.00 reduction leaves the new target EUR 41.40 above the Lang & Schwarz price. Jefferies still expects Munich Re to achieve its strategic goals, but it sees execution risks as a factor that should be reflected in equity costs.
Profitability meets softer pricing
Munich Re entered this debate with a substantial earnings base. In its September 6, 2026 media release, Munich Re reported insurance revenue of EUR 60.4 billion and a net result of EUR 6.1 billion for fiscal year 2025. Those figures give the valuation discussion a clear counterweight: the issue is the durability of future returns, not a reported loss in the latest completed fiscal year.
The pricing issue is central because reinsurance contract terms determine how much return a carrier receives for the risks it assumes. A softer market can reduce future margins, while Munich Re's diversified portfolio and ability to prioritize risk-adjusted profitability provide operating flexibility, according to the company release dated September 6, 2026.
Munich Re stock and the Xetra close
At Lang & Schwarz, Munich Re stock was trading at EUR 508.60 on September 29, 2026, at 12:39 p.m. CEST. The price was minus 1.05 percent versus the Xetra close of EUR 514.00 on September 28, 2026, using the same euro reference perspective. For investors, the contrast is direct: a strong fiscal-year earnings base meets a lower Jefferies target and a more demanding reinsurance pricing backdrop.
Munich Re stock key data
- Company: Münchener Rückversicherungs-Gesellschaft AG
- ISIN: DE0008430026
- WKN: 843002
- Ticker: MUV2
- Primary exchange: Xetra
- Price Lang & Schwarz (as of September 29, 2026, 12:39 p.m. CEST): EUR 508.60
- Change versus Xetra close: minus 1.05 percent
- Xetra close (September 28, 2026): EUR 514.00
- Sector / Industry: Financial services / Insurance
- Index membership: DAX
