Allianz (ETR:ALV) Receives a Higher Rating From DZ-Bank AG. Is it Time to Buy Shares?


Allianz (ETR:ALV) Stock Upgrade

Shares of Allianz (ETR:ALV) were hiked to a solid “Buy” rating by stock research analysts working for DZ-Bank AG. ALV’s previous rating has been discontinued by the firm.

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 €142.23 while the lowest target price is €75. The mean of all analyst targets is €117.64 with a 7.21% above today’s (€163.15) stock price. Allianz was the topic of 40 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 15 with “Market Perform” rating. Bankhaus Lampe maintained shares with “Hold” rating and €165 target share price in a report from a December 3. Equinet upgraded ALV stock in a recent report from December 4 to “Buy” rating. Independent Research upgraded the rating on December 2. Independent Research has a “Buy” rating and a €198 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on a December 4.

The stock increased 1.87% or EUR 3 on December 17, striking EUR 163.15. Approximately 1.92 million shares of stock traded hands or 23.87% up from the average. Allianz SE (ETR:ALV) has declined 0.48% since May 15, 2015 and is downtrending. It has outperformed by 1.78% the S&P500.

 Allianz (ETR:ALV) Receives a Higher Rating From DZ-Bank AG. Is it Time to Buy Shares?

The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.15, from 1.07 in 2015Q2. The ratio dived, 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 74.12 billion EUR. The Firm is a financial services provider. It has 11.66 P/E ratio. It offers products and solutions in insurance and asset management.

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