Allianz stock gains 1.02 percent as Berenberg keeps EUR 684 target

Published on 10/03/2026 at 22:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz stock was last at EUR 416.20 on Xetra on October 2, 2026. Berenberg maintained its EUR 684 target while first-half operating profit reached EUR 9.4 billion.

Bauhaus-Plakat mit geometrischem Schutzschild, Aufschrift MÜNCHEN SINCE 1890 in Ocker und Navy — Bauhaus- und Art-Déco-Plakat in Navy, Ocker und Zinnoberrot. Zentrales Motiv: stilisiertes Schutzschild aus konzentrischen Bögen; Schlagzeile „MÜNCHEN”, Subtext „SINCE 1890” in Futura. Allianz SE (DE0008404005), Illustration mit AI erstellt.

Allianz stock (ISIN DE0008404005) was last at EUR 416.20 on Xetra on October 2, 2026, at 5:37 p.m. CEST, up 1.02 percent from the previous close. The share price followed a new assessment from wallstreetONLINE dated October 1, 2026, which reported that Berenberg maintained its Buy rating and EUR 684 price target.

Berenberg backs EUR 684 target

Berenberg analyst Michael Huttner linked the target to Allianz's operating performance through the end of its 2025 to 2027 strategy period, according to wallstreetONLINE. The bank also highlighted EUR 84 billion in first-half net inflows at asset management and a EUR 1.8 billion reserve for rising claims costs.

The comparison investors can quantify is Allianz's first-half operating profit of EUR 9.4 billion, which increased 9 percent from the prior-year period. A comparable second half would imply EUR 18.8 billion for 2026, versus a market expectation of EUR 18.5 billion, the same report said.

Profit growth meets restructuring costs

Allianz's second-quarter operating profit reached EUR 4.87 billion, while net income declined 8.7 percent to EUR 2.60 billion because of EUR 643 million in restructuring costs, according to FinanzNachrichten.de. The costs were tied mainly to replacing legacy IT systems and implementing artificial intelligence processes, making execution costs an important counterweight to the earnings trend.

Stock stays below yearly high

At EUR 416.20 on October 2, 2026, Allianz stock stood 8.45 percent below its 52-week high of EUR 454.60 and above its low of EUR 338.80. Xetra volume was 475,403 shares, while market capitalization was EUR 158.3 billion on the same date.

The next scheduled reporting date is November 12, 2026, for third-quarter and nine-month results, according to Allianz. That date gives the market a defined checkpoint for testing whether the first-half growth rate and the cost burden are moving in the same direction.