Allianz holds near record high, Berenberg reiterates Buy rating on the shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 12:02.

Allianz (DE0008404005) starts the week trading close to its 52-week high on Xetra, with derived Xetra quotes around 409 euros per share by late morning. According to price data from Investing.com, the Allianz 52-week range currently stretches from 334.10 to 409.55 euros, underscoring the stock's robust run within the DAX index.

What Berenberg is saying

The most recent analyst impulse comes from Berenberg. The Hamburg-based private bank reaffirmed its Buy rating on Allianz after an investor event, maintaining a price target of 684 euros per share, according to a 28 June dpa-AFX/Berenberg note summarized by FinanzNachrichten. The Berenberg analysis cites a positive view on earnings quality and capital return.

MarketScreener data collected around the same time indicate an average analyst price target of roughly 414 euros for Allianz, modestly above the current market price and reflecting a broadly constructive consensus. The MarketScreener overview shows Berenberg among several houses that rate the shares positively.

Analyst consensus and sector context

Allianz stands alongside Munich Re as one of the heavyweight European insurers in the DAX and Euro Stoxx 50, and the analyst consensus reflects this blue-chip status. MarketScreener's compiled data show a majority of analysts with Buy or Overweight ratings, with relatively few Sell calls, indicating a clearly positive stance on the stock's risk-reward profile at present levels. Consensus figures on Investing.com support this picture with an average target above the current Xetra-derived quote.

Compared with the broader European insurance peer group, including names like Zurich Insurance and Axa, Allianz benefits from its diversified business mix, scale and strong Solvency II capital position. This allows the group to sustain sizable dividends and share buybacks, factors frequently cited in analyst reports as key components of the investment case.

How Allianz earns its money

Allianz generates its revenue and profits mainly from three pillars: property-casualty insurance, life/health insurance and asset management. In property-casualty, Allianz writes motor, home, corporate and specialty policies worldwide, collecting premiums and managing claims with a focus on underwriting profitability rather than sheer volume.

Where the Allianz shares trade today

The Allianz shares (DE0008404005) most actively trade on Xetra under the ticker ALV; around 12:00 CEST, derived Xetra pricing from Investing.com shows the shares at approximately 409.05 euros.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an invitation to buy or sell securities. No liability is accepted for the accuracy or completeness of the information.