Allianz: Shares on the rise – what’s behind it

Photo: Jean Luc Ichard/iStockphoto

Allianz shares secured one of the top spots on the DAX on Monday, gaining around one percent. A bullish assessment from Berenberg provided a boost. Analyst Michael Huttner became even more optimistic about the insurance stock and raised his price target.

Huttner expressed confidence after presenting the Munich-based company's new business model as part of the "Inside Allianz Series." He emphasized that investments in IT not only reduced costs and increased productivity, but also improved customer satisfaction. He believes these strategic measures could prove to be a turning point in Allianz's business model.

As a result, Huttner has raised his growth expectations for the coming years and now anticipates higher growth until 2027. At the same time, he emphasized the continued attractive valuation of Allianz shares. He maintained the "Buy" rating and raised the price target from €419 to €431.

Berenberg is one of the top bulls for Allianz shares. Of the 24 analysts listed on Bloomberg , nine recommend buying the stock. Twelve of the experts recommend holding the stock, while three recommend selling. The average price target is €358.08.

Allianz shares are trading at the 100-day moving average at €345.83. Should the price sustainably overcome this resistance and also surpass the MA50 at €350.36, the stock would generate a technical buy signal. For long-term investors focused on dividend strength and stability, the stock is an attractive basic investment.

Note on conflicts of interest The board member and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly entered into positions in the following financial instruments mentioned in the publication or derivatives related to them, which could benefit from any price development resulting from the publication: Allianz.

The author holds direct positions in the following financial instruments or derivatives related to them mentioned in the publication, which may benefit from any price developments resulting from the publication: Allianz.

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