Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Allianz SE    ALV   DE0008404005

Delayed Quote. Delayed  - 04/25 05:35:28 pm
175.5 EUR   +0.20%
04/20 ALLIANZ : Power Play
04/19 ALLIANZ : Doctor On Deck
04/17DJALLIANZ : Indonesia Restores 80% Foreign-Ownership Limit on Insuranc..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

European shares retreat after week of gains; Allianz rallies after update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/17/2017 | 11:42am CEST
A plastic bull figurine, symbol of the Frankfurt stock exchange is pictured in front of the German share price index DAX board at the Frankfurt stock exchange

European shares fell on Friday with gains in insurance heavyweight Allianz (>> Allianz SE) and firmer pharma stocks more than offset by a pull-back in banking and mining stocks.

European shares fell on Friday with gains in insurance heavyweight Allianz (>> Allianz SE) and firmer pharma stocks more than offset by a pull-back in banking and mining stocks.

The pan-European STOXX 600 <.STOXX> index fell 0.5 percent but remained close to a 13-month high reached on Wednesday and on track to end higher for the second week in a row.

The rally has been fuelled by strong earnings updates, a pick up in merger and acquisition (M&A) activity, with cyclical stocks such as mining companies and banks lifted by solid economic data.

Allianz rose 2.4 percent. Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting higher-than-expected profits and saying it was adjusting its policy on budgeting for possible takeovers.

The Munich-based firm also raised its dividend.

"The combination of a dividend increase and a share buy-back probably both at the upper end of market expectations is a sign of strength and should improve sentiment and provide tailwind for the shares," DZ Bank analyst Thorsten Wenzel said.

Elsewhere in the insurance sector, Dutch insurer Aegon (>> AEGON) rose as much as 4.2 percent as investors cheered to a stronger than expected pretax profit growth. Its shares pared gains and were last up 0.3 percent.

On the M&A front, Stada (>> STADA Arzneimittel AG) was once again in focus after the German generic drugs company said it had received its third takeover approach, valuing the company at 58 euros per share, above its current market value and higher than a previous takeover offer. Its shares rose 1.1 percent.

Some big drugmaker stocks were also in demand, lifting the healthcare index <.SXDP> up slightly and making it the only sectoral gainer in Europe.

Britain's AstraZeneca (>> AstraZeneca plc) and GlaxoSmithKline (>> GlaxoSmithKline plc) were up 1.6 percent and 0.5 percent respectively after analysts at Jefferies raised the price target for both.

Europe's STOXX bank index <.SX7P> fell 1.2 percent as investors booked profits for a second day after the index hit a three-week high on Wednesday, helped by growing expectations of a rate hike next month in the United States.

Deutsche Bank (>> Deutsche Bank AG), Standard Chartered (>> Standard Chartered PLC) and Credit Agricole (>> Crédit Agricole) fell between 2.6 and 2.8 percent.

Miners <.SXDP> were also weaker, down 1.1 percent, pulling back after climbing earlier this week to their highest level in more than two years. Copper slid on Friday because of some profit taking, but the likelihood of strong demand from top consumer China were expected to support prices.

"Short-term technicals remain in overbought territory making rounds of profit-taking...more likely," said Markus Huber, trader at City of London Markets.

Top loser on the STOXX was Vopak (>> Koninklijke Vopak), down 8.7 percent, after the Dutch oil and chemical storage company said it did not expect core profit to grow this year.

(Reporting by Danilo Masoni; Editing by Angus MacSwan)

By Danilo Masoni

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALLIANZ SE
04/20 ALLIANZ : Power Play
04/19 ALLIANZ : Doctor On Deck
04/17DJALLIANZ : Indonesia Restores 80% Foreign-Ownership Limit on Insurance Firms
04/05 EU watchdog to cut interest rate for insurer liabilities from 2018
04/03 ALLIANZ : Trumponomics Decoded
03/28 CVC to start clock on sale of German metering firm Ista - sources
03/28 EXCLUSIVE : Citigroup to seek bids for Asia general insurance distribution deal ..
03/27 Bill Gross, Pimco settle lawsuit over his exit for $81 million - sources
03/27 BILL GROSS, PIMCO SETTLE LAWSUIT OVE : sources
03/27 ALLIANZ : The Bigger Picture
More news
Sector news : Multiline Insurance & Brokers - NEC
04/19 Insurers push to keep industry expert on U.S. regulatory council
04/14 CREDIT SUISSE : cuts bonuses for top execs by 40 percent amid shareholder protes..
04/13 AMERICAN INTERNATIONAL : AIG board denies CEO 2016 cash bonus after dismal earni..
04/13DJAMERICAN INTERNATIONAL : AIG CEO Peter Hancock's Total Pay Fell 23% in 2016 -- U..
04/10 Raiffeisen to cut a fifth of staff in Poland by end-2019
More sector news : Multiline Insurance & Brokers - NEC
News from SeekingAlpha
04/21 Buy Allianz For Its 4.5% Yield
04/12 Most bond funds lag market - S&P
03/28 WALL STREET BREAKFAST : Amazon Enters The Middle East
03/27 Pimco to settle Gross suit for $81M
03/03 Pimco's got a new star
Advertisement
Financials (€)
Sales 2017 116 958 M
EBIT 2017 10 246 M
Net income 2017 6 952 M
Debt 2017 -
Yield 2017 4,48%
P/E ratio 2017 11,42
P/E ratio 2018 10,91
Capi. / Sales 2017 0,68x
Capi. / Sales 2018 0,69x
Capitalization 80 044 M
More Financials
Chart ALLIANZ SE
Duration : Period :
Allianz SE Technical Analysis Chart | ALV | DE0008404005 | 4-Traders
Full-screen chart
Technical analysis trends ALLIANZ SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 177 €
Spread / Average Target 0,83%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Oliver Bäte Chief Executive Officer
Helmut Perlet Chairman-Supervisory Board
Christof Mascher Chief Operating Officer
Dieter Wemmer Chief Financial Officer
Wulf H. Bernotat Co-Vice Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALLIANZ SE11.56%86 972
CHUBB LTD3.53%63 918
AMERICAN INTERNATIONAL..-8.61%58 470
ZURICH INSURANCE GROUP..-5.63%41 204
MARSH & MCLENNAN COMPA..8.05%37 635
BB SEGURIDADE PARTICIP..5.60%18 523
More Results