Berenberg keeps Buy rating for Allianz stock at EUR 684 target

Published on 10/07/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz reported EUR 9.40 billion operating profit in first-half 2026, up 9.00 percent. Allianz stock costs EUR 418.45 on October 7, 2026 after EUR 417.80, plus 0.16 percent.

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Allianz stock was trading at EUR 418.45 at Lang & Schwarz on October 7, 2026 at 9:06 a.m. CEST, up EUR 0.65 or 0.16 percent versus the prior close of EUR 417.80. On September 29, 2026, FinanzNachrichten.de reported that Berenberg kept its Buy rating on Allianz with a EUR 684.00 price target.

Berenberg sees long-term earnings growth

The target is materially above the Lang & Schwarz price. Using the two euro values, EUR 684.00 is 63.45 percent above EUR 418.45, leaving the analyst view as a substantial valuation gap rather than a short-term trading signal.

Berenberg analyst Michael Huttner linked the positive assessment to expected revenue and earnings growth through the end of Allianz's strategy plan in 2027, according to FinanzNachrichten.de on September 29, 2026.

First-half profit supports the case

Allianz's operating profit reached a record EUR 9.40 billion in the first half of 2026, an increase of 9.00 percent from the prior-year period, according to Investing.com. That comparison gives Berenberg's optimism a concrete operating anchor, although the stock still depends on continued execution across insurance and asset management.

The same results summary put Allianz's solvency ratio at 225.00 percent in the first half of 2026 and said management reaffirmed its 2026 outlook. The capital position is therefore a second measurable support for the rating, alongside the 9.00 percent operating-profit increase.

Results date sets the next checkpoint

Allianz has scheduled its third-quarter 2026 results for November 12, 2026, according to the company's Investor Relations page. The company also reported a fiscal 2025 dividend of EUR 17.10 per share, up 11.00 percent from EUR 15.40, keeping shareholder distributions in the investor picture.

On the market side, Allianz's EUR 418.45 reference price stood below the EUR 454.60 52-week high and above the EUR 338.80 low on October 6, 2026. The EUR 159.97 billion market capitalization and the October 7, 2026 intraday quote frame the Berenberg target as a forward-looking assessment rather than a current market valuation.

Allianz stock trades below yearly high

Allianz was trading at EUR 418.45 at Lang & Schwarz on October 7, 2026 at 9:06 a.m. CEST, plus 0.16 percent versus the Lang & Schwarz prior close of EUR 417.80 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.