Talanx

Talanx posted a group profit of almost €2.2 billion (+12%) in the first nine months on revenue of €36.9 billion (+3%) and an improved combined ratio of 89.0%. The group expects a profit of more than €2.8 billion for 2026 and for the first time over €3.0 billion for 2027. The CFO indicated a dividend of clearly more than €4.00 per share, which at the current share price corresponds to a yield of at least around 3.1%. The upward revision of forecasts supports the stock, which has risen about 16% year to date; the price‑earnings ratio is around 11. » Więcej na deraktionaer.de

Talanx has raised its annual forecast and is aiming for a net profit of €3 billion in 2027. For 2026 the group now expects €2.8 billion (previous year: €2.48 billion), after a record profit of €2.2 billion in the first three quarters (+12%). Driving factors were an investment result that increased by more than half to €1.5 billion and profit contributions from the stake in Hannover Rück; the primary insurance divisions together contributed 53% to the result. The foreign private-customer business improved particularly strongly, with the German private-customer business rising the most in percentage terms. » Więcej na handelsblatt.com

Talanx reported a record half-year with a net profit of €1.37bn, gross premiums of €24.2bn and a solvency ratio within the target range. Goldman Sachs added the stock to its European conviction list and highlighted the growth potential of the international retail business, while BNP Paribas downgraded the share from "Outperform" to "Neutral" after an approximately 23% rally (target €120). InvestingPro’s fair value of €110.98 is roughly 8% below the share price, and all three valuation models indicate a slight overvaluation. Operational momentum remains intact, but after the rally much of the positive expectations are already priced in; the next key dates are the index rebalancing on 18 September and the nine-month results on 12 November. » Więcej na de.investing.com

BNP Paribas has cut its rating for Talanx from "Outperform" to "Neutral" and set a price target of €120, after the stock had risen 23% since the last upgrade. The broker reduced EPS forecasts for 2026 by 4% and for 2027 by 3%, citing a slowdown in pricing, rising loss ratios in reinsurance, and stagnant or negative revenues in the commercial business. Talanx is valued for 2026 at a P/E of 11.5 and a price-to-tangible-net-asset-value of 2.54. » Więcej na de.investing.com

Berenberg increases the target price for Talanx from €158 to €163 and keeps the rating at "Buy". Analyst Michael Huttner raised his earnings estimates for 2026 and 2027 after the half‑year results. He expects Talanx to lift its outlook again with the third‑quarter figures. » Więcej na finanzen.net