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Investing.com - UBS has upgraded UNIQA Insurance Group AG (VIE:UQA) from Sell to Neutral and raised its price target to EUR11.60 from EUR9.00, citing positive management actions and strong performance.
The upgrade reflects three key factors that changed UBS’s stance on the Austrian insurer, which has been one of the best performers in European Insurance year-to-date with approximately 50% growth.
UBS noted that UNIQA’s management has taken action to reduce leverage and solvency sensitivities, which removes some of the valuation discount previously applied to the company.
The investment bank has increased its growth expectations following strong first-quarter 2025 performance from UNIQA and its peers, now forecasting growth in gross written premiums 2 percentage points and earnings per share 1 percentage point above management targets.
UBS also highlighted that UNIQA’s stake in Strabag has appreciated approximately 90% in 2025 year-to-date, with the upcoming half-year reporting on August 22 potentially serving as a positive catalyst where management could upgrade its targets.
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