BALOISE: (Price) target reached... +22.6% gain!

As expected, the lifting of the voting rights restriction is creating a buzz for the Swiss insurer BALOISE, but this alone does not mean that anything has been gained operationally. Nevertheless, we could have raised the price target without ifs and buts due to the now "higher attractiveness", perhaps even to the range of the old highs of CHF 170 to CHF 186? In any case, interest in the share is back and the activist Swedish investor Cevian has already exceeded the reporting threshold of 3%; this comes as no surprise. The impetus is there, even if BALOISE's occupational pension result of CHF 46.5 million, for example, is still -12% below the previous year's level. However, we have achieved our target of a satisfactory profit of +22.6%... "and let the others have the rest".

BALOISE N is listed on the SIX Swiss Exchange under the symbol BALN, the security number is 1'241'051, last price approx. CHF 154.60.