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    ALV   DE0008404005

ALLIANZ (ALV)
Mes dernières consult.
Most popular
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
07/27 ALLIANZ : Global Investors Named 2017 Greenwich Quality Leader in Continental Eu..
07/27 ALLIANZ : and InsurTech Startup Flock to Launch UK’s First Pay-as-you-Fly ..
07/27DJALLIANZ : Correction to Allianz Posts 2Q Net Profit story
07/27 ALLIANZ : 2Q 2017 operating profit up 23 percent due to improvements in all segm..
07/27 ALLIANZ : Hailing down a plane
07/27DJALLIANZ : Posts 2Q Net Profit Rise to EUR2.0 Billion
07/26DJALLIANZ : 2Q 2017 Operating Profit Up 23 Percent Due To Improvements In All Segm..
07/26 DGAP-ADHOC : Allianz SE: Allianz Group 2Q 2017 operating profit up 23 percent du..
07/26 CREDIT INSURER CUTS COVER FOR SUPPLI : sources
07/26 ALLIANZ : EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Ital..
More news
News from SeekingAlpha
07/19 WALL STREET BREAKFAST : More Record Highs For Equities?
07/13 WALL STREET BREAKFAST : Stocks Rally Ahead Of Yellen Round 2
07/13 Pimco sues Wells Fargo over MBSs
07/11 MY JOURNEY TOWARDS FINANCIAL INDEPEN : 72 Stock June Portfolio Update
07/04 ALLIANZ : Let's Talk Debt And Cash
Financials (€)
Sales 2017 116 205 M
EBIT 2017 10 987 M
Net income 2017 7 010 M
Debt 2017 -
Yield 2017 4,41%
P/E ratio 2017 11,43
P/E ratio 2018 10,80
Capi. / Sales 2017 0,69x
Capi. / Sales 2018 0,68x
Capitalization 80 735 M
Chart ALLIANZ
Duration : Period :
Allianz Technical Analysis Chart | ALV | DE0008404005 | 4-Traders
Technical analysis trends ALLIANZ
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 183 €
Spread / Average Target 2,0%
EPS Revisions
Managers
NameTitle
Oliver Bäte Chief Executive Officer
Michael Diekmann Chairman-Supervisory Board
Christof Mascher Chief Operating Officer
Dieter Wemmer Chief Financial Officer
Rolf Zimmermann Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ALLIANZ14.39%94 781
CHUBB LTD11.54%67 191
AMERICAN INTERNATIONAL GROUP-0.03%60 113
ZURICH INSURANCE GROUP3.39%46 164
MARSH & MCLENNAN COMPANIES, INC.19.19%41 340
HARTFORD FINANCIAL SERVICES GROUP INC13.20%19 551