Berenberg keeps target for Allianz stock at EUR 684.00

Published on 10/02/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 operating profit rose 10.60 percent to EUR 4.87 billion. Allianz stock costs EUR 413.90 on October 2, 2026 versus EUR 411.90, plus 0.49 percent.

Handschlag nach Vertragsabschluss im Büro, dokumentarische Schwarzweiß-Fotografie — Schwarzweiß-Reportagefoto eines Vertragsabschlusses veranschaulicht das dokumentierte Kerngeschäft von Allianz SE, ISIN DE0008404005, im Depot, Illustration mit AI erstellt.

Allianz stock (ISIN DE0008404005) was trading at EUR 413.90 at Lang & Schwarz on October 2, 2026 at 1:09 p.m. CEST, up 0.49 percent from the prior close of EUR 411.90. On September 29, 2026, Berenberg kept its Buy rating and EUR 684.00 price target, according to finanzen.ch.

Analyst target splits the market

Berenberg's target lies 65.26 percent above the Lang & Schwarz price. The calculation compares EUR 684.00 with EUR 413.90, giving investors a clear measure of how far the most optimistic recent target stands from the German reference quote.

The counterpoint is Barclays. The bank retained an Underweight rating while raising its target from EUR 350.00 to EUR 353.00 on September 4, 2026, according to finanzen.net. The two targets frame a wide debate about valuation, even though both analysts refer to the same insurer.

Record result meets capital strength

Allianz delivered a 10.60 percent year-over-year increase in operating result to EUR 4.87 billion in the second quarter of 2026, while adjusted net income for the first half of 2026 rose 15.50 percent to EUR 6.39 billion, according to Borse Express on September 23, 2026.

The official Allianz investor-relations page identifies the figures as the second-quarter and six-month 2026 results and lists the release date as August 7, 2026, while the Solvency II ratio reached 225 percent in the first half. Allianz also maintained its 2026 operating-result target of EUR 17.40 billion, with a plus or minus EUR 1.00 billion range, according to Allianz.

Next results date is November 12

Allianz has scheduled its third-quarter 2026 results for November 12, 2026. That date gives the next formal test for the operating-result target, the 225 percent Solvency II ratio and the underwriting trend after the second-quarter combined ratio reached 91.90 percent.

For the German market, the price picture is measured against the Xetra listing and the DAX membership. The Lang & Schwarz quote remains above the prior close, while the 52-week range of EUR 338.80 to EUR 454.60 places the intraday price below the yearly high and above the yearly low.

Allianz stock stays between targets

Allianz stock was trading at EUR 413.90 at Lang & Schwarz on October 2, 2026 at 1:09 p.m. CEST, compared with the prior close of EUR 411.90 and a daily change of plus 0.49 percent. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.