Generali Deutschland

JPMorgan cuts its rating for Generali from 'Overweight' to 'Neutral', citing a more balanced risk-reward after the strong share-price recovery. The bank raises the price target to €46.00 but now sees the valuation at roughly a 2027 P/E of about 12 as in line with the sector. Generali beat H1 expectations for adjusted net income and operating profit, but the expected 2027 yield of around five percent is below the peer-group average; the dividend outlook remains attractive. » More on deraktionaer.de

Generali absorbed the hit from high catastrophe losses in the first quarter, notably a €426 million event in Portugal. Premium income rose by almost 7% to around €28.2 billion, operating profit climbed 8% to €2.2 billion, while net income fell slightly by 2% to just under €1.2 billion. The combined ratio deteriorated to 90.5% but remained well below 100%; analysts reacted positively and the stock gained. » More on finanzen.net

The Generali share climbed more than 3% on Tradegate in the morning to €38.83, putting it back above the 21‑day line. Analyst Andrew Baker of Goldman Sachs highlighted the consistently strong performance in the first quarter and expects Generali to land at the upper end of the target range set through 2027. Last week the share had reached a record high of €39.51. » More on finanzen.net