Berenberg keeps Buy on Allianz stock at EUR 684.00

Published on 10/01/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz stock costs EUR 409.10 on October 1, 2026 after EUR 415.95, down 1.65 percent. DZ Bank raised its target from EUR 486 to EUR 495.

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Allianz stock (ISIN DE0008404005) was trading at EUR 409.10 at Lang & Schwarz on October 1, 2026 at 10:32 a.m. CEST, down 1.65 percent from the prior close of EUR 415.95. The latest analyst signal came from Berenberg, which maintained its Buy rating and EUR 684.00 price target on September 29, 2026, according to Investing.com.

Allianz earnings keep rising

Allianz delivered a record operating result of EUR 4.87 billion in the second quarter of 2026, an increase of 10.60 percent from the year-earlier period, according to Nadiralpha. Operating profit reached EUR 9.39 billion in the first half of 2026, up 8.60 percent year over year, while the Property-Casualty combined ratio stood at 91.90 percent in the second quarter.

The first-half performance leaves Allianz on track for its fiscal 2026 operating-profit target of EUR 17.40 billion, plus or minus EUR 1.00 billion. That target is important because the second-quarter result already represents 27.99 percent of the midpoint, calculated against EUR 17.40 billion.

Analyst targets split sharply

Berenberg's EUR 684.00 target stands EUR 274.90 above the Lang & Schwarz price, equal to 67.20 percent upside based on the same euro reference. The average 12-month target from 16 analysts was EUR 440.08, while the consensus rating was Neutral, according to Investing.com.

DZ Bank raised its fair value from EUR 486.00 to EUR 495.00 and retained a Buy rating on September 18, 2026, according to MarketScreener. The gap between the highest and average targets shows that analysts disagree materially about how much of Allianz's earnings momentum is already reflected in the share price.

Buyback adds a second support

Allianz purchased 122,659 shares between September 14 and September 18, 2026 under its ongoing buyback program, bringing purchases since March 13 to 6,065,345 shares, according to EQS News. The next scheduled reporting date is November 12, 2026, when Allianz plans to publish its third-quarter 2026 results, according to Allianz.

Stock remains below yearly high

The Lang & Schwarz quote of EUR 409.10 is EUR 45.50 below the 52-week high of EUR 454.60 and EUR 70.30 above the 52-week low of EUR 338.80, both recorded on October 1, 2026 in the same quote context. Allianz had a market capitalization of EUR 155.8 billion as of October 1, 2026. The stock was trading at EUR 409.10 at Lang & Schwarz on October 1, 2026 at 10:32 a.m. CEST, down 1.65 percent versus the Lang & Schwarz prior close of EUR 415.95 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.