{ }
Swiss bank UBS has increased its price target for Zurich Insurance Group from 475 to 532 Swiss francs while maintaining a "Neutral" rating. Analyst Will Hardcastle noted the positive share performance following the recent capital markets day, prompting a 4% and 6% rise in EPS forecasts for 2025 and 2026, respectively.
UBS has maintained a neutral rating on Zurich Insurance Group Ltd, which operates primarily in general insurance (75.2% of revenues) and life insurance (19.6%). Additional activities include network and investment banking, reinsurance, and asset management, contributing to the remaining income. The Farmers Group also provides various administrative services, accounting for 4.5% of income.
Zurich Insurance Group's stock is experiencing positive momentum, with Barclays raising its target price from 540 to 565 francs and maintaining an "Overweight" rating. Despite a downgrade from JPMorgan to "Underweight" with a target of 440 francs, other analysts, including Goldman Sachs and UBS, have also increased their target prices, reflecting confidence in the company's ambitious financial targets. The share price recently reached 594.30 euros, marking a significant growth of 9.43% over the past month.
The Swiss stock market experienced notable gains on Friday, driven by demand for defensive stocks amid geopolitical tensions related to Russia's nuclear strategy. Roche rose by 1.3%, Novartis by 2.3%, and the SMI index increased by 1.1% to 11,717 points, with 19 of the 20 SMI stocks gaining. The euro's recovery against the franc also supported the market, while Zurich Insurance climbed 1.0% following positive analyst feedback.
Zurich Insurance Group has unveiled ambitious goals for 2025–2027, targeting an adjusted return on equity of at least 23%, up from 20%, and aiming for over 9% annual growth in adjusted earnings per share. The company plans to enhance its corporate business and maintain strict underwriting discipline, with a payout ratio of 75% of earnings and a solvency ratio above 160%.
Zurich Insurance Group AG has set new profitability and growth targets after exceeding its previous guidance a year early. The company aims for a compound annual growth rate of over 9% in core earnings per share through 2027, a core return on equity exceeding 23%, and cumulative cash remittances surpassing $19 billion.
The Swiss stock market remains in a bearish trend, with the SMI Guiding Values Index down 1.08% to 8174.97 points, influenced by concerns over potential U.S. interest rate hikes. Major banks like UBS and Credit Suisse faced significant losses, while defensive stocks like Nestlé and Novartis attempted to mitigate the downturn. Kudelski saw a positive turn with a court victory against China's Gotech, while Adienne announced plans to enter the stock market without further details.
The Swiss stock exchange closed lower, with the SMI down 0.70% at 8206.20 points, following concerns over potential U.S. interest rate hikes. Major banks like UBS and Credit Suisse faced significant losses, while defensive stocks like Nestlé and Novartis attempted to mitigate the downturn. Market experts anticipate a turbulent period ahead after recent volatility in U.S. markets.
Zurich faces a significant surplus of vacant office space, with over 420,000 square meters unused in the region. Notable ghost buildings include the Google headquarters on Müllerstrasse and the Credit Suisse high-rise on Quadroplatz, both struggling to find tenants. The trend is exacerbated by the popularity of remote work, leaving many offices, including those rented by Zurich Insurance, underutilized.
The Swiss stock market rebounded on November 11, 2024, with the SMI closing 0.89% higher at 11,902.79 points after three weeks of losses. Swiss Re shares surged 3.6% following a UBS upgrade, while cyclical stocks like Sika and ABB also gained. Political developments, particularly regarding US President-elect Donald Trump, are expected to influence market volatility in the coming weeks.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.