ALV.DE Stock Today January 24: Berenberg Reaffirms Buy, EUR 431 PT
Allianz stock drew fresh attention today after Berenberg reaffirmed a Buy with a €431 price target. On Xetra, ALV.DE traded at €368.30, down 0.5% on 24 January, implying about 17% upside. Berenberg sees scope to beat expectations and argues valuation remains attractive. Investors in Germany now look to Q4 2025 earnings on 26 February 2026 for confirmation. We outline what this call means, today’s setup, and what to watch next for Allianz stock.
Berenberg reiteration: what it signals
Berenberg maintained its Buy and set an Allianz price target of €431, highlighting attractive valuation and potential to beat estimates. The note supports confidence ahead of Q4 2025 earnings on 26 February 2026. Coverage summaries are available at finanzen.net and aktiencheck.de. If delivered, this backdrop could help close the valuation gap.
At around €368, Allianz stock trades near 13.1x TTM earnings and offers a roughly 4.23% dividend yield, with a payout ratio near 56%. Free cash flow coverage of dividends looks healthy, and return on equity sits around 17.6%. For income-focused investors in Germany, that mix of cash returns and disciplined underwriting remains a core part of the long-term case.
Price action and levels on Xetra
Allianz stock slipped 0.5% to €368.30 today. The price sits below the 50-day average near €378 and above the 200-day around €360, a constructive but mixed setup. That places immediate support close to €360, while any push back over the 50-day average would likely improve momentum into the late-February results window.
From €368.30, the €431 Allianz price target implies about 17% upside. On the downside, a retreat to the 200-day near €360 would be roughly 2% lower. We would watch closes above the 50-day as a positive sign and protect against sharp drawdowns around €360, given typical volatility for large-cap insurers.
Ahead of Q4 2025 earnings
We will focus on the combined ratio, investment income, and asset-management flows from PIMCO and AllianzGI. Strong underwriting and stable net inflows tend to support earnings quality. Any update on capital returns, including dividend growth or buyback scope, will matter for the income case and may reinforce support for Allianz stock.
If underwriting margins hold firm and investment income remains resilient, the shares could re-rate toward the low €400s. Softer flows or higher claims would likely cap near-term upside and keep the range tight around €360 to €380. Clear guidance for 2026 would help reduce uncertainty around Q4 2025 earnings.
Long-term view for German investors
Dividend per share of about €15.40 and a yield near 4.23% remain central to the appeal. A payout ratio around 56% looks sustainable alongside strong cash generation. Over time, steady buybacks and prudent risk selection can support per-share growth. This is why many local savers use Allianz stock within savings plans for stable income.
Major weather losses, reinsurance cost trends, and regulatory changes can pressure profits. A sharp drop in euro interest rates would hurt investment income. Equity market volatility can hit asset-management fees. We track these items closely, as they can offset positives from pricing discipline and cost control in diversified insurance operations.
Final Thoughts
Berenberg’s reaffirmed Buy and €431 target underline a constructive setup for Allianz stock, with about 17% upside from €368.30. The short-term focus is Q4 2025 earnings on 26 February 2026, where combined ratio, investment income, and asset-management flows will set the tone. For German investors, the mix of a roughly 4% yield, disciplined payout, and resilient fundamentals is appealing. A practical approach is to build positions in stages, watch closes versus the 50-day and €360 support, and reassess after results and guidance. If execution stays solid, the valuation gap to peers can narrow over 2026.
FAQs
Is Allianz stock a buy after Berenberg’s call?
Berenberg’s Buy and €431 target support a positive view, citing attractive valuation and potential to beat expectations. We agree the setup looks constructive into Q4 2025 earnings. Still, consider position sizing and risk controls around €360 support, then reassess after results and guidance later in February.
What is the current Allianz price target and implied upside?
Berenberg set an Allianz price target of €431. With the shares at €368.30 on Xetra, that implies roughly 17% upside. The path to the target likely depends on stable underwriting, resilient investment income, and steady asset-management flows, plus clear guidance for 2026 following Q4 2025 earnings.
When are Allianz’s Q4 2025 earnings due?
Allianz plans to report Q4 2025 earnings on 26 February 2026. We will focus on the combined ratio, investment income, and PIMCO and AllianzGI net flows. Any update on the dividend and buyback plans will also be key signals for income-focused investors in Germany.
What metrics matter most for Allianz right now?
Watch the combined ratio, investment income trends, and asset-management net inflows. On valuation, track P/E, dividend yield, and payout ratio versus peers. For price action, monitor closes relative to the 50-day average and support near €360, which can guide risk management into and after the results.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.