Allianz (ETR:ALV) Rating Reaffirmed
The investment house has just set a target price per share of EUR 165.00 on Allianz (ETR:ALV) shares. This is 5.57% from the closing share price. In a recent research report shared with investors and clients on Tuesday morning, Bernstein Research has reaffirmed their Market Perform rating on shares of ALV.
From a total of 22 analysts covering Allianz (ETR:ALV) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 12 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is €143.89 while the lowest target price is €75. The mean of all analyst targets is €117.21 with a 11.75% above today’s (€155.7) stock price. Allianz was the topic of 39 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 12 to “Buy” rating. Independent Research upgraded shares to “Buy” rating and €198 target share price in a report from a December 2. Citigroup upgraded ALV stock in a recent report from December 4 to “Buy” rating. S&P Research maintained the rating on November 26. S&P Research has a “Hold” rating and a €160 price target on shares. Finally, Bankhaus Lampe maintained the stock with “Hold” rating in a report issued on a December 3.
The stock decreased 1.67% or EUR 2.65 on December 14, striking EUR 155.7. Approximately 2.01M shares of stock traded hands or 34.00% up from the average. Allianz SE (ETR:ALV) has risen 2.41% since May 12, 2015 and is uptrending. It has outperformed by 6.83% the S&P500.
The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.15, from 1.07 in 2015Q2. The ratio dropped, as 30 institutions have sold all the shares of Allianz SE that they owned while 81 funds have taken shares off the table. 18 funds have purchased shares for the first time while 84 added to their positions. These institutions now hold 41.26 million shares or 31.43% more than the 31.39 million shares they owned in 2015Q2.
The Fund Alecta Pensionsforsakring Omsesidigt currently is holding shares equating to 11.04% of its total portfolio in Allianz SE representing a total of 8.46 million shares. Another fund,Beddow Capital Management Inc, is holding a total of 110,546 shares equating to 5.04% of their holdings. Additionally, Prentiss Smith & Co Inc has a 42,386 share stake in Allianz SE which represents 2.56% of their total portfolio. The Fund, Apex Capital Management, based out of Ohio, has also built up a stake in the stock, which represents a total of 1.68% of their total portfolio. Finally Matterhorn Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 26,592 shares.
Allianz SE is a holding company for Allianz Group. The company has a market cap of 71.15 billion EUR. The Firm is a financial services provider. It has 11.13 P/E ratio. It offers products and solutions in insurance and asset management.
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