Forecasted Luster of Equity Stays Optimistic According to Allianz
Is Allianz Stock the Shiniest Pick in Germany's Market? Here's the skinny on yesterdays and todays happenings that could make investors gleeful and set Allianz on a path to gold.
Allianz's stock has been on a roll this year, rocketing up by a whopping 23%. And despite the risk of a double top, the Allianz stock could still be a winner with its golden future ahead for the following reasons:
Allianz stock: Higher dividends and share buybacks
On December 10, Allianz's Capital Market Day took place, where the company unveiled its shiny new targets. Yesterday, Allianz hinted at a new dividend policy. The company plans to keep the payout ratio at 60% of the annual surplus, with the added bonus of returning 15% of the annual surplus to shareholders through share buybacks or other means starting from 2025-2027.
Investors can expect to snag strong dividends from the Allianz stock, with its current dividend yield already shining bright at 5.40% for next year.
But what else makes Allianz's future luminescent?
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Allianz: A Golden Horizon Awaits
Of course, reckon repercussions before you leap in the short term. Since Allianz hit that high level around 304 euros, it might've formed a wobbly double top. This could lead to a trend shift and a correction, but it could dissolve again if the Capital Market Day is a tower of success.
Ta da! Here's what Allianz announced today: "We're setting our sights on four fantastically ambitious corporate financial targets for the period 2024-2027: EPS growth (CAGR) of 7-9 percent; return on equity of at least 17 percent; Solvency II operating capital generation of 24-25 percentage points in 2027; cumulative net cash transfer of more than 27 billion euros in the years 2025-2027." These objectives should keep Allianz humming along profitably, with plenty of coins to spare for shareholders. The combo of healthy dividends and share price gains, which has been a longstanding tradition for Allianz, should remain on the menu for investors.
The BÖRSE ONLINE gang is all aboard the Allianz hype train, and they've set their eyes on a price target of 350 euros.
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Note of Warning The publisher, Börsenmedien AG, has got skin in the game. The management and majority shareholder, Mr. Bernd Förtsch, has hopped into various financial instruments mentioned in the publication or related derivatives. These players could benefit from the share price swoon resulting from the publication. Enter at your own risk!
Investing in Allianz stock may provide investors with attractive dividends, given the company's plan to keep the payout ratio at 60% of the annual surplus and return 15% of the annual surplus to shareholders through share buybacks or other means starting from 2025-2027. Additionally, personal finance enthusiasts might find Allianz appealing due to its focus on business growth, as evidenced by its ambitious corporate financial targets for the period 2024-2027.
