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UBS has maintained a 'Neutral' rating on Allianz, setting a target price of 300 euros. Analyst Will Hardcastle noted that the insurer's three-year targets presented at the Capital Markets Day align with expectations, indicating minimal changes to consensus forecasts.
UBS has maintained a "Neutral" rating for Allianz shares, setting a target price of 300 euros, as the insurer's three-year targets align with expectations. In XETRA trading, Allianz shares fell 1.8% to 293.20 EUR, still showing potential for a 2.32% increase. The company is set to release its Q4 2024 results on February 28, 2025.
UBS has maintained a 'Neutral' rating on Allianz, setting a target price of 300 euros. Analyst Will Hardcastle noted that the insurer's three-year targets align closely with expectations, indicating minimal changes to consensus forecasts.
Allianz SE stands as a prominent global insurance group, also engaged in banking activities. Its revenue distribution highlights a strong focus on life and health insurance (47.9%) and non-life insurance (47.1%), with asset management contributing 5%. By the end of 2023, the company managed assets totaling EUR 2,224 billion.
Berenberg has reiterated a "Buy" rating for Allianz SE, setting a target price of 376 euros, anticipating an operating profit of at least 18.1 billion euros by 2027. Meanwhile, UBS maintains a "Neutral" stance with a target of 300 euros, aligning with Allianz's ambitious growth strategy aiming for 7-9% annual earnings per share increases and a minimum 17% return on equity by 2027.
Allianz SE has raised its medium-term profit target, aiming for a 7% to 9% annual increase in earnings per share over the next three years, up from a previous target of 5% to 7%. CEO Oliver Baete also announced a commitment to a higher profit payout ratio to benefit investors.
Allianz SE has announced a new target to return at least 75% of its net income to shareholders over the next three years, increasing its profit payout ratio. This commitment includes dividends and share buybacks, while maintaining the previous dividend target of 60%.
Gregoire Tournant, the former chief investment officer of Allianz's Structured Alpha group, has been sentenced to 18 months of home confinement for fraudulently inflating fund values, leading to $3.2 billion in investor losses. The sentence, handed down by US District Judge Laura Taylor Swain, also includes three years of probation, significantly less than the seven years sought by prosecutors.
MicroStrategy has transformed its business model by leveraging its stock's volatility to issue convertible bonds, allowing it to borrow at zero interest while acquiring more bitcoin. This self-reinforcing cycle of volatility enhances the value of its financial instruments, but poses risks if bitcoin prices decline, potentially jeopardizing its ability to repay up to $6.2 billion in bond obligations.
Cost pressures and competition are driving consolidation in the European asset management sector, with Amundi reportedly interested in acquiring Allianz Global Investors (AGI). Discussions have included options for a full acquisition or a joint venture, as both firms explore strategies to enhance scale amid rising costs. Meanwhile, other potential mergers are being considered in the industry, highlighting the trend towards consolidation.
Allianz SE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS Maintains Neutral Rating on Allianz with 300 Euro Target Price
09:33 10.12.2024
UBS Maintains Neutral Rating on Allianz Shares with 300 Euro Target Price
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UBS Maintains Neutral Rating on Allianz with 300 Euro Target Price
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Allianz SE Reports Strong Performance in Insurance and Asset Management Sectors
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Allianz Targets Significant Profit Growth and Enhanced Shareholder Returns by 2027
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Allianz raises profit target and pledges higher investor payouts
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Allianz targets 75 percent profit payout to shareholders over three years
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Ex-Allianz Fund Manager Sentenced to Home Confinement for Fraudulent Practices
18:58 06.12.2024
MicroStrategy's Volatility Strategy Fuels Bitcoin Acquisition and Financial Engineering
17:09 06.12.2024
European Asset Managers Explore Mega-Merger Amid Cost Pressures and Competition
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