Allianz shares in the red: analysis by financial experts and peer group comparison

Allianz shares in the red: analysis by financial experts and peer group comparison

According to a report by m.ariva.de,

Allianz shares (Allianz shares) are currently in the red on the German stock exchange. The most recent price was 246.35 euros. The Allianz security is currently recording a price loss of 1.40 percent and has deteriorated by 3.50 euros compared to the closing price of the previous day. The Allianz share is therefore lagging behind the DAX (DAX). Despite today's price loss, Allianz's stock is currently still far from its all-time low.

The company offers various insurance products to private and corporate customers worldwide. In the property/casualty segment, this includes insurance such as motor vehicle liability and comprehensive insurance, accident insurance, general liability insurance and others. In the Life/Health segment, Allianz offers a range of life and health insurance products on an individual and group basis.

The comparison with the peer group shows that the Allianz share with a price of 246.35 euros performs compared to other companies such as Prudential, AEGON, Talanx and Wüstenrot & Württembergische AG.

Allianz shares were recently analyzed. The major Swiss bank UBS has raised the price target for Allianz from 250 to 270 euros in an outlook for 2024 and left the rating at “Buy”. Analyst Will Hardcastle prefers reinsurers and insurance companies that specialize in individual insurance. His particularly preferred securities include those from Prudential, Munich Re, Axa, Direct Line, Beazley and Phoenix.

Allianz shares remain attractive despite the current price loss. UBS's analysis and forecast could further increase interest in Allianz shares. It can therefore be assumed that the share will continue to maintain a strong position despite the current decline in the market. This could also lead to an increase in interest in the European insurance industry as a whole.