Swiss Re stock: Barclays keeps Sell target at CHF 124.00

Published on 10/23/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swiss Re reported USD 1.31 billion net income for second-quarter 2026. Swiss Re stock costs EUR 166.68 on October 23, 2026 at 4:08 p.m. CEST.

Analyst rating and earnings

Barclays maintained a Sell rating and set a CHF 124.00 target on October 23, 2026.
Swiss Re reported USD 1.31 billion in second-quarter 2026 net income.
Swiss Re stock costs EUR 166.68 at Lang & Schwarz on October 23, 2026 at 4:08 p.m. CEST.
Swiss Re is scheduled to release third-quarter 2026 earnings on November 4, 2026.

Editorial photograph of a large trading room monitor displaying financial data. Bold white sans-serif text reads REINSURANCE on the top line and RISK below, with SIX SWISS EXCHANGE ticker data and neutral line and bar charts in blue and green on a dark ba — Swiss Re Kapitalmarkt: Handelsbildschirm mit REINSURANCE, RISK und SIX SWISS Daten, CH0126881561, Illustration mit AI erstellt.

Swiss Re (CH0126881561) stock was priced at EUR 166.68 at Lang & Schwarz on October 23, 2026 at 4:08 p.m. CEST. Markets Insider reported on October 23, 2026 that Barclays maintained its Sell rating and set a CHF 124.00 price target. The target is 19.53 percent below Swiss Re's SIX price of CHF 154.10.

Second-quarter earnings set the baseline

Swiss Re reported USD 1.31 billion in net income for the second quarter of 2026, compared with USD 1.30 billion in the second quarter of 2025. Adjusted earnings per share reached USD 4.45, up from USD 4.40 a year earlier, while revenue was USD 10.1 billion, down 5.2 percent year over year, according to Simply Wall St. The combination gives investors a clear contrast between earnings resilience and lower revenue.

Stock sits below its annual high

On SIX, Swiss Re was at CHF 154.10 on October 23, 2026 at 4:05 p.m. CEST, down 0.16 percent from CHF 154.35. The 52-week range was CHF 114.05 to CHF 154.60, leaving the stock 0.32 percent below its high. Trading volume was 347,337 shares, and the price-to-earnings ratio was 11.32.

What comes next for valuation

Swiss Re's market capitalization was CHF 45.4 billion on October 23, 2026, while its dividend yield was 0.04 percent. MarketScreener reported on October 20, 2026 that RBC kept a Sell rating while raising its target from CHF 115.00 to CHF 120.00. Swiss Re is scheduled to release third-quarter 2026 earnings on November 4, 2026, according to the same company's calendar page.

Comparison with peers

Swiss Re: down 0.16 percent, price-to-earnings ratio 11.32, market capitalization CHF 45.4 billion.

Zurich Insurance Group: down 1.03 percent, price-to-earnings ratio 10.13, market capitalization CHF 92.0 billion.

Münchener Rückversicherungs-Gesellschaft: down 0.11 percent, price-to-earnings ratio 10.37, market capitalization EUR 70.0 billion.

Analyst caution contrasts with earnings

Barclays' unchanged Sell rating puts the emphasis on valuation discipline even as second-quarter earnings per share exceeded the year-earlier figure. The next results date provides the next scheduled test for that balance.

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