Jefferies raises target for Allianz stock from EUR 325.00 to EUR 420.00

Published on 10/05/2026 at 14:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 operating profit hit EUR 4.87 billion, up 10.60 percent. Allianz stock costs EUR 418.70 on October 5, 2026 after EUR 418.05.

SW-Reportage: Sachverständiger mit Klemmbrett vor sturmgeschädigtem Haus mit gefallenem Baum — Schwarzweiß-Dokumentarfoto eines Versicherungssachverständigen mit Schutzhelm, der Sturmschäden an einem Wohnhaus mit eingestürztem Dach und gefallenem Baum begutachtet. Kontrastreiche 35-mm-Körnung. Allianz SE (DE0008404005), Illustration mit AI erstellt.

Allianz stock (ISIN DE0008404005) was trading at EUR 418.70 at Lang & Schwarz on October 5, 2026 at 2:34 p.m. CEST, up 0.16 percent versus the prior close of EUR 418.05. According to finanzen.ch, Jefferies raised its Allianz price target from EUR 325.00 to EUR 420.00 in a research note dated October 3, 2026, while retaining a Hold rating.

Jefferies sees limited target upside

The revised EUR 420.00 target stands 0.31 percent above the Lang & Schwarz price of EUR 418.70. Jefferies analyst Philip Kett argued that the recent share-price decline had been excessive, while cautioning that the market had not yet settled whether artificial intelligence would benefit or pressure insurance distribution.

The target change leaves a clear contrast in the analyst picture. FinanzNachrichten reported that Berenberg retained a Buy rating and a EUR 684.00 target on September 29, 2026, citing expected revenue and earnings growth through 2027.

Second-quarter profit sends mixed signal

Allianz delivered EUR 4.87 billion in operating profit in the second quarter of 2026, an increase of 10.60 percent from the prior-year period, while net income fell 8.70 percent to EUR 2.60 billion. Investing.com attributed part of the earnings pressure to EUR 643.00 million of restructuring costs linked to information technology modernization and artificial intelligence.

Capital strength remained a central counterweight. The Solvency II ratio reached 225.00 percent in the second quarter, while Allianz maintained its 2026 operating-profit outlook of EUR 17.40 billion plus or minus EUR 1.00 billion, according to Investing.com.

Third-quarter results are dated

Allianz's investor-relations calendar lists the third-quarter 2026 results for November 12, 2026. The timing gives investors a defined checkpoint for testing whether operating-profit momentum can offset restructuring expenses and technology investment.

At Lang & Schwarz, Allianz was trading at EUR 418.70 on October 5, 2026 at 2:34 p.m. CEST, plus 0.16 percent versus the Lang & Schwarz prior close of EUR 418.05 on October 2, 2026. The 52-week range was EUR 338.80 to EUR 454.60, placing the price EUR 35.90 below the high, or 7.90 percent. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.