Jefferies raises target for Allianz stock to EUR 440.00

Published on 10/12/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz paid EUR 17.10 per share for fiscal 2025, up 11.00 percent. Allianz stock costs EUR 421.20 on October 12, 2026, 1.01 percent above EUR 417.00.

Key points in brief

Jefferies raised its Allianz target from EUR 420.00 to EUR 440.00 while keeping a Hold rating on October 8, 2026.
Allianz reported EUR 9.4 billion in operating profit for the first half of 2026, up 8.60 percent year over year.
The stock was trading at EUR 421.20 at Lang & Schwarz on October 12, 2026, up 1.01 percent versus the Xetra close of EUR 417.00 on October 9, 2026.
Allianz is scheduled to publish third-quarter 2026 results on November 12, 2026.

Isometrische 3D-Icons von Haus, Auto, Familienschutz und Wachstumsdiagramm verbunden — Isometrische 3D-Grafik der Versicherungs-Wertschöpfungskette veranschaulicht das Geschäftsmodell von Allianz SE, ISIN DE0008404005, im Depot, Illustration mit AI erstellt.

Allianz stock (ISIN DE0008404005) was trading at EUR 421.20 at Lang & Schwarz on October 12, 2026 at 10:29 a.m. CEST, up 1.01 percent versus the Xetra close of October 9, 2026 at EUR 417.00. On October 8, 2026, Jefferies raised its target for Allianz from EUR 420.00 to EUR 440.00 while retaining its Hold rating, according to DER AKTIONÄR. The target change gives the current euro quote a defined comparison point.

Operating profit reached EUR 9.4 billion

Allianz reported EUR 9.4 billion in operating profit for the first half of 2026, an increase of 8.60 percent from the prior-year period, according to Capital.com. Management maintained its full-year 2026 operating profit outlook of EUR 16.4 billion to EUR 18.4 billion, leaving the midpoint at EUR 17.4 billion.

What the target change means

Jefferies' EUR 440.00 target is EUR 19.40 above the Lang & Schwarz price, but the unchanged Hold rating shows that the higher valuation does not amount to a bullish recommendation. Jefferies cited Allianz's use of realized gains from an Indian joint venture to accelerate reinvestment in fixed-income assets, while also pointing to volatility in bond markets.

Three dated Allianz milestones

On May 7, 2026, Allianz paid a dividend of EUR 17.10 per share for fiscal 2025, up 11.00 percent from EUR 15.40, according to Allianz. On August 7, 2026, the company reported second-quarter operating profit of EUR 4.87 billion, up 10.60 percent year over year. On October 8, 2026, Jefferies lifted its target from EUR 420.00 to EUR 440.00 while keeping Hold, as DER AKTIONÄR reported.

Next dates are November 12 and December 8

Allianz lists November 12, 2026, for third-quarter 2026 results and December 8, 2026, for the Inside Allianz Series, according to its investor-relations calendar. The November report will provide the next reported test of the EUR 16.4 billion to EUR 18.4 billion full-year operating profit outlook.

Allianz stock stays above the Xetra close

At EUR 421.20, the Allianz quote at Lang & Schwarz was EUR 4.20 above the Xetra close of October 9, 2026 at EUR 417.00, a gain of 1.01 percent. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.