Allianz
Note: This is a daily stock update and the information stands true as of 10/12/24, 09:00 CET.
Company Update:
Expert Opinion:
The Insurance sector still offers both an attractive momentum and a relatively cheap valuation. Allianz trades indeed on PE24 of 11.9x down to 10x in 2026. The potential deal on Allianz Global Investors could also support the share price over the short term.
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Company Update:
Allianz will hold its CMD today and unveiled its revised 3 year target for the 25-27 period.
A/ Earnings per share CAGR of 7-9% (5-7% before) based on core earnings
B/ Return on equity of at least 17% (at least 13% before) based on core earnings
C/ Solvency II operating capital generation of 24-25 percentage points in 2027
D/ Cumulative net cash remittance of more than €27bn in the years 2025-2027
The company also says that it plans to have a 75% total payout ratio on average over the period which is quite attractive.
The company also says that it plans to have a 75% total payout ratio on average over the period which is quite attractive.
Expert Opinion:
The Insurance sector still offers both an attractive momentum and a relatively cheap valuation. Allianz trades indeed on PE24 of 11.9x down to 10x in 2026. The potential deal on Allianz Global Investors could also support the share price over the short term.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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Alphavalue Morning Market Tip
Solid start of 2025 with signs of recovery in key markets.